Free wills month - any good ?

[Psamathe]

I think tax on "imputed income" went out in about 1965. Gordon Brown rammed the final nails into Miras (which its self replaced a scheme to offset the imputed income) but not retrospectively so. I don't think the recollections of @Psamathe are fully accurate, but then its second hand info anyway. The caveat, especially with Trusts, is to seek your own legal advice.

We are probably talking about something different as not as "2nd hand" as I gave the impression - having spent hours on the phone to HMRC about the issue, had to get property rent valuers in, etc. Maybe depends on the nature/structure of the trusts involved.

Ian

 

[DCLane]

@PaulSB - SWMBO and myself are currently in the process of re-writing our wills, last done 32 years ago. Similarly we needed a solicitor to understand some issues and they did. Cost wasn't even an issue at that point.