Inheritance tax is paid on your estate when you die. Before probate will be granted and your assets can be distributed to your designated beneficiaries, any inheritance tax owed must be paid off. Currently, any assets valued up to £325,000 can be passed on tax free and this is known as the nil-rate band. However, many people will build up assets that can be worth considerably more than this and amounts exceeding the nil-rate band are liable to an inheritance tax rate of 40%. Those inheriting the assets bear the liability to pay this tax. The use of inheritance tax planning allows people to legally reduce the amount of tax that will be applied to their estate when they die.  Through careful planning, this can reduce the value that the estate is calculated at when the person dies. There are various methods that you can consider to reduce your liability and we look at some here.

Siobhain Egan comments on the NCA in Lexis Nexis, originally published on Lexis(r)Library. Read the article here.

1. Congratulations to Adam Shaw, who has been awarded his Higher Rights of Audience (Crime), which will enable him to represent clients in the Crown Courts and Court of Appeal.

At the Clay Pigeon Shooting Association’s annual general meeting on 23rd March 2019 Laura Saunsbury was re-elected by the membership for her eleventh year as the Honorary Solicitor and Shotgun Licensing advisor to the Association. Not only that, we are proud to announce that in recognition of her service to the CPSA and its members over the last decade, the Board of Directors awarded Laura a Life Vice Presidency of the Association. This was a wonderful surprise for Laura, and a great honour indeed, when it is considered the CPSA has approximately 24,000 members and the number of Life Vice Presidents at any one time is generally around 40.

The Directors of Lewis Nedas announce that they are thrilled that our colleagues :

Adam Creasey- Company / Commercial / litigation - Camden / Mayfair

Richard Demczak - Crime / Fraud - Oxford

Adam Shaw - Crime /Fraud - East London

Have accepted partnership with the practice.

Congratulations to all three