When someone dies, their estate (property, money and possessions) usually needs to be administered through a legal process known as probate. In England and Wales, probate is the procedure by which the deceased’s will is proven in court and the executors are given authority to distribute the estate. If there is no will, a similar … Read more
With cohabiting couples now the fastest-growing family type in the UK, many believe they have similar legal protections to married couples – especially after long relationships or where there are children involved. But the reality can come as a shock when those relationships end. Despite ongoing pressure from legal and policy bodies, meaningful reform still … Read more
When it comes to inheritance tax, the old adage holds true: timing is everything. But few realise just how much timing can matter, especially when a carefully timed “deathbed gift” could preserve tens of thousands of pounds in tax-free allowances. This strategy relates to the Residence Nil Rate Band (RNRB), a valuable relief on inheritance … Read more
Succession planning for agricultural estates has become more challenging due to provisions announced in the UK 2024 Budget. The key change is the capping of Agricultural and Business property relief. What is agricultural and business property relief? Agricultural and business property relief applies to qualifying assets eligible for 100% agricultural property relief and 100% business … Read more
The Autumn Budget 2024 introduced some unexpected provisions regarding Inheritance Tax (IHT) that have wide-ranging implications for those whose estates are likely to be subject to IHT following their death. Inheritance Tax is payable on an estate with a net value of more than £325,000. Any estate above that figure is charged at a flat … Read more
Stamp Jackson & Procter Limited is authorised and regulated by the Solicitors Regulation Authority. No. 637804 - VAT Reg No. GB265 2343 11
Company No. 10628196
SRA Code of Conduct 2011.
The title “Director” refers to a job title or role within the firm and does not imply a statutory directorship as defined under the Companies Act 2006.
Stamp Jackson & Procter Limited
Hull Office:
5 Parliament Street, Hull, HU1 2AZ
Tel: +44(0)1482 324591
Fax: +44(0)1482 224048
York Office:
4 Triune Court, Monks Cross Drive, York, YO32 9GZ
Tel: +44(0)1904 928720
Fax: +44(0)1482 224048
Email: [email protected]
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