Welcome to this month’s edition of Private Client Issues, Blake Morgan’s monthly round-up of the topics you may find of interest. It features insight and advice on developments affecting private individuals.

This month includes the most read private client articles from the summer and one for Remember a Charity Week.

Your questions answered for charitable giving

Charitable gifting can be a complex topic. In this article, we answer some of the commonly asked questions surrounding this topic, including the tax implications of leaving a charitable gift in my Will and how to leave a gift in your Will.

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Beyond the graveyard: Can you be buried on your own property?

Did you know you can be buried in your garden? In this blog we explore alternative methods of burial, consider the legalities and practicalities of a home burial, and answer the question of whether you can be buried on your own property.

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What happens if an executor named in a Will dies or loses capacity?

Being the Executor of a Will entails a great deal of responsibility and a high standard of care when administering and safeguarding the estate of the deceased. But what happens if the named Executor of a Will predeceases or loses mental capacity?

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What is Residence Nil Rate Band?

The Residence Nil Rate Band, known as RNRB, is an inheritance tax free allowance currently set at £175,000. It applies to estates where the death occurs on or after 6 April 2017. The RNRB could save an estate up to £70,000 in inheritance tax.

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Tax reporting for simple and complex estates

During the course of administering an estate, the focus is mainly on paying any inheritance tax due. Of equal importance, is reporting any income tax and capital gains tax liabilities that arise during the administration period.

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What happens to your child if you die whilst they are still under 18?

If both parents die before a child reaches 18, a guardian will need to be appointed. Most parents prefer to decide who will look after their children if they die. Appointing a guardian in their Will offers control and peace of mind.

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I’m an executor. Do I get a fee?

We examine whether non-professional executors – whose role can often be challenging and time-consuming – are allowed to reimburse themselves and/or make a charge for their work in administering an estate.

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Our teams work both from our offices and remotely and are happy to meet with you virtually, or in person where this is preferred. We have found that many clients prefer the convenience of a video meeting, whilst other prefer face to face, particularly for the first meeting.

If you are impacted by any of the above topics or you would like further information on how we can help you, please contact your usual Blake Morgan adviser. You can also receive regular updates by following Blake Morgan on LinkedIn.

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