According to HMRC’s latest statistics, inheritance tax (IHT) receipts for April to November 2021 are just over £4.1 billion, which is £0.6 billion higher than in the same period a year earlier.
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In our current state of enforced isolation, many of us have more time on our hands than usual. It’s a time when we actually get round to doing those things that we tend to say ‘I will get around to it’ but never do. Apart from all the DIY, two activities have suddenly become much more popular: writing or updating a Will, and creating a Lasting Power of Attorney.
We arranged a SOLLA/SFE joint event on 24th January 2019 at Exeter Racecourse, to listen to several speakers and to help IFAs and Solicitors to work together. The event was attended by 45 delegates and was generally regarded as extremely successful with excellent feedback.
Almost any day some news programme or newspaper carries an item about the crisis in care. NHS chiefs complain about bed-blocking by patients who cannot be discharged because social services cannot find accommodation for them. Care homes teeter on the verge of bankruptcy because the rate local authorities pay them is barely enough and costs have risen due to the Minimum Living Wage. Local authorities’ increasingly desperate pleas for more money from the government have had no response.