The chancellor’s autumn statement confirmed that the current Inheritance Tax threshold will be frozen until at least April 2028. This follows a previous announcement freezing it until April 2026. The two-year extension to the lower limit means that more families will be required to pay Inheritance Tax as more estates exceed the nil rate band of £325,000. Inheritance Tax levels […]
Inheritance Tax threshold frozen until 2028
What happens if I do not apply for probate?
When a person dies, probate is the process of administering their estate by organising their assets, money and possessions and then distributing them as per the terms of a will or in line with the rules of intestacy. To be able to start probate, an executor (the person who takes legal responsibility for carrying out the instructions of a will) […]