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Welcome to the Hethertons Solicitors Private Client Newswire

In this edition, we look at a wide range of issues affecting you, your family and your life plans including:

  • Top tips to reduce the cost of moving home
  • Leaving a Will: Verbal vs Written agreements
  • Gift-giving season – Could your latest present come with inheritance implications?
  • Everything you need to know about the Child Maintenance Service

If you have any feedback on this latest edition or would like assistance from our team, please contact us.

Top tips to reduce the cost of moving home


 

Planning on making a move? There are several ways to ensure the big event is cost-effective and goes smoothly.

Whether you are buying your first home or moving up the ladder, any savings during the homebuying process can help you pay off future mortgage repayments or be spent on your new property.

 
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Leaving a Will: Verbal vs Written agreements


 

While many have a legally binding written Will, disputes can arise surrounding agreements, which have been made unofficially between the deceased and their family, friends and other potential beneficiaries.

Verbal contracts are not legally binding and are often spoken between family or friends before an individual dies. If you do not have a written Will your estate will be divided under the rules of intestacy.

 
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Gift-giving season – Could your latest present come with inheritance implications?


 

In the last year, Inheritance Tax receipts have risen sharply – soaring from £0.5 billion to £4.1 billion between April and October.

This rate is likely to climb higher and higher due to rising house prices, inflation and the Chancellor’s decision to freeze Inheritance Tax allowances, such as the nil-rate band and residence nil-rate band, until 2028.

 
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Everything you need to know about the Child Maintenance Service


 

The financial responsibility for children alongside family arrangements can be complex. Are you concerned about the sustainability of your finances while also balancing emotional distress?

What is the Child Maintenance Service? The Child Maintenance Service is set up for all parents across the UK in order to provide for child living costs. This includes parents who are divorced, separated or who were never in a relationship.

 
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