What is parental responsibility?

What is parental responsibility? All mothers and most fathers have legal rights and responsibilities as a parent – known as ‘parental responsibility’. If you have parental responsibility, your most important roles are to: provide a home for the child protect and maintain the child You’re also responsible for: disciplining the child choosing and providing for […]

What is inheritance tax and how does it affect my will?

Inheritance tax, or IHT, is primarily a tax that takes effect on death. When a person dies, IHT is charged on the value of their estate subject to various exemptions and reliefs. The value of the estate is broadly assets less liabilities and includes certain gifts made whilst the person was alive (lifetime gifts). It […]