GPW Trusts is dedicated to protecting you, your family and your estate. Specialising in Wills and Trusts, Probate, Lasting Powers of Attorney, Long Term Care Fee and Inheritance Tax Mitigation. 

GPW Trusts is dedicated to protecting you, your family and your estate.  Specialising in Wills and Trusts, Probate, Lasting Powers of Attorney, Long Term Care Fee and Inheritance Tax Mitigation. 

Will Week 5-9 October 2020. GPW Trusts supporting East Cheshire Hospice. 
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From the 1st April 2017, the fees for applying to register Lasting Powers of Attorney (LPA) and Enduring Powers of Attorney (EPA) was reduced from £110 to £82. 
 
The Office of Public Guardian (OPG) has since announced that the Ministry of Justice has agreed to refund the excess and has now launched a refund scheme for those who paid a higher fee in the qualifying period. 
 
Who is eligible for the refund? 
 
The refunds are being offered to those who registered an LPA or EPA between 1 April 2013 and 31 March 2017 who may have been charged more by the OPG than was necessary to apply to register. 
 
During this period, the OPG's operating costs came down as more people applied for a Power of Attorney and the process became more efficient, but the application fee charged was not reduced in line with this. 
An inheritance tax tool could soon disappear as part of a Government clampdown. 
 
An invaluable tax planning tool that has enabled families to avoid large inheritance tax charges for generations could soon disappear as part of a Government clampdown, according to Kent legal firm Furley Page. 
 
The firm says that, during George Osborne’s budget speech, he announced plans to take forward a “…review on the avoidance of inheritance tax through the use of Deeds of Variation” by this autumn. Furley Page solicitor Joshua Williams is warning that could mean time is running out for beneficiaries to take advantage of them. 
 
“Tax avoidance is not the same as tax evasion,” explains Mr Williams. 
 
“The critical difference is that tax evasion is the illegal practice of not paying taxes by not reporting income, reporting expenses not legally allowed, or by not paying taxes that you owe. Tax avoidance, however, is a completely legitimate way of managing your tax affairs to ensure you pay the lowest tax possible. A Deed of Variation is one example. 
Pablo Picasso, Abraham Lincoln, Amy Winehouse and Robert Burns. Well known figures who all died without making a Will. 
 
Making a Will is one of the most important decisions you will ever make. But why is it so low on our priorities? 
 
Writing a Will means acknowledging our mortality. Our circumstances change throughout life and making decisions can be difficult. We worry about the cost attached, and fear that we have nothing of worth in our estate. 
 
If you haven’t taken the time to write yours, you’re certainly not alone. Over half of the UK population and almost four in ten over-50s haven’t made a Will. 
 
This means risking part or all of your estate going to people who you never intended to benefit. 
 
To help you get your affairs in order, here are some key points to consider. 
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