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Have you changed your will?

Have you changed your will?

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Old Apr 27th 2012, 1:39 am
  #16  
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Default Re: Have you changed your will?

This is actually my line of work so, without advertising, if anyone wants any advice, by all means pm me and, for the record, I agree with those who say don't appoint a solicitor as Executor, unless you have no alternative, because yes, it can be expensive (tho not always) although, to be fair, estates are becoming increasingly more complex due to inheritance tax mitigation (in the UK) and second and third families. Anyway, happy to help!
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Old May 21st 2012, 11:23 pm
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Default Re: Have you changed your will?

Originally Posted by Ping Pong Pom
This is actually my line of work ....... estates are becoming increasingly more complex due to inheritance tax mitigation (in the UK)
Hi Ping Pong Pom, Could you expand on the IHT issue a bit more. It's certainly an area not well understood (by me at least!). Is there a method of extracting oneself from Inheritance Tax?
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Old May 22nd 2012, 9:49 am
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Default Re: Have you changed your will?

Originally Posted by chc4me
Hi Ping Pong Pom, Could you expand on the IHT issue a bit more. It's certainly an area not well understood (by me at least!). Is there a method of extracting oneself from Inheritance Tax?
There is no estate duty/inheritance tax in NZ. There is in the UK of course, as I understand it, being non domiciled for UK purposes, inheritance tax would be assessable only on any UK assets.

There's starting point for that too, so you'd need substantial UK assets, £325,000 in 2011/12. Though I suppose if you've hung onto a house down south in UK, it'll probably exceed that amount. That said there's no UK Inheritance Tax to spouses.

Please check the above of course!
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