Omni Lifetime Planning Ltd

06/06/2023

With the inheritance tax threshold remaining at £325k and not rising in line with inflation, families are facing an average IHT bill of £62k. Why not speak to us about Wills and Trusts to help protect your legacy.
www.omni-lifetimeplanning.co.uk/post/average-inheritance-tax-bill-hits-62k

The freeze on the main inheritance tax (IHT) threshold since 2009 has pushed more estates into the tax net, costing bereaved families almost

19/05/2023

Becoming a parent is a time of joy and celebration! The last thing anyone wants to think about is, ‘what will happen if I’m no longer around to care for them?’ But welcoming a new addition to the family makes it even more important to assess what provisions you want to make for their future, should you or your partner pass
away prematurely.
If you don’t currently have a will, becoming a parent is the perfect time to address this. Find out what you need to consider here:
www.omni-lifetimeplanning.co.uk/post/estate-planning-for-new-parents

Estate planning for new parents: What to consider in your will when you have young children

05/05/2023

Estate planning can be a sensitive topic of conversation, but if ignored, it can leave loved ones feeling confused and even angry when your plans are revealed later, possibly at a time when your family is already grieving.
This doesn’t have to be the case.
With the right approach, talking about estate planning can be a positive experience for you and your family. Here's some advice on how to approach the subject of your legacy in a way that’s beneficial for all.
www.omni-lifetimeplanning.co.uk/post/estate-planning-with-your-family

Estate planning is a sensitive topic of conversation, but a necessary one when it comes to making provisions for the future.

17/04/2023

Sideways disinheritance – is your family at risk?
With blended families becoming more prevalent and the complex
relationships that can arise within them, sideways disinheritance is
something more people are having to consider when making their will. But what exactly is it and is your family at risk? Find out more here

Sideways disinheritance refers to beneficiaries (most often children of a first marriage) losing out on their intended share of an estate.

04/04/2023

Making charitable gifts in your will is a wonderful way to leave a lasting legacy and can also help to reduce the amount of Inheritance Tax (IHT) that’s due on your estate.
Find out more about charitable donations and the impact on IHT here www.omni-lifetimeplanning.co.uk/post/charity-in-your-will

22/03/2023

Are you up to date on the latest changes in UK Inheritance Tax Exemptions? Read our latest blog to find out more and get in touch with us to plan your inheritance tax.
www.omni-lifetimeplanning.co.uk/post/uk-inheritance-tax-exemptions

Significant changes were made to the Inheritance Tax (IHT) regulations. These amendments mean that more estates are considered exempt.

03/03/2023

Lasting Power of Attorney – what is it and why do you need one?
No one knows what the future holds. That's why making a Lasting Power of Attorney (LPA) is a good idea. Someone who can manage your estate and affairs in the event that you’re unable to. Here, you’ll find everything you need to know about LPAs and how to make one.
www.omni-lifetimeplanning.co.uk/post/a-guide-to-lasting-power-of-attorney

03/07/2020

https://www.lexology.com/library/detail.aspx?g=35ee7d72-e437-450b-874c-26d516a4c6c3

We understand that you want to have your wishes heard and followed, and for things to be as easy as possible for your loved ones when you pass away…

26/06/2020

Good news!

HMRC has announced changes to the way in which it deals with the “Probate Summary” form IHT421 for grants in England and Wales.