Articles from July 2015

Budget Update - changes in Inheritance tax for your Will

In his mini-budget on Wednesday George Osborne confirmed that a couple would be able to leave a home worth up to £1million to their children without incurring any inheritance tax. From 2017 a new transferable £175,000 allowance will be introduced for homes being left to children or grandchildren to run alongside the existing £325,000. He said “ the wish to pass something onto your children is a basic, human and natural aspiration” With this in mind then you would think that the majority of peo

Making your Will is an emotional experience

“We must get the Will sorted” is a conversation couples have every few years. It is often prompted by some family event or change in circumstance and may be greeted by one of the parties with an unenthusiastic sigh, after all it all sounds a bit of a chore. What we have found at Affio is that far from being a chore it actually becomes a very positive emotional experience. Think about it like this, you are spending time really thinking about the life you have built and the things you have now th