by Dan Woodruff | May 21, 2019 | Business Owner, Financial planning, Getting Divorced, High Income, Illness & personal injury, Managing another person's assets, Planning Your Inheritance, Professional connections, Prudent saver, Receiving Inheritance, Retirement
Your Emergency Fund An emergency fund is a pot of money you should have available for use if an unexpected bill comes your way. This is one of the most important elements of your financial planning. Everyone should have an emergency fund, but most people do not have...
by Dan Woodruff | Apr 9, 2019 | Managing another person's assets, Planning Your Inheritance, Receiving Inheritance
PROBATE FEES INCREASE 2019 The UK Government has announced probate fees increases from April 2019. These probate fees increases are significant, and many estates should expect to pay much more as a result. The Ministry of Justice has announced that they intend to put...
by Dan Woodruff | Mar 20, 2019 | Managing another person's assets, Planning Your Inheritance, Receiving Inheritance
LOGGING INHERITANCE TAX GIFTS One of the best ways to reduce your inheritance tax liability is to make gifts during your lifetime. This article explores how to document these transactions by logging inheritance tax gifts as you go. Ultimately, this will save a lot of...
by Dan Woodruff | Oct 24, 2018 | Financial planning, Managing another person's assets, Woodruff Financial Planning
CHILDREN’S PERSONAL INJURY CLAIMS Children’s personal injury claims can be daunting if they are not understood properly. This article explores the issues you need to consider when managing children’s personal injury claims, and then investigates the...
by Dan Woodruff | Apr 26, 2018 | Business Owner, Getting Divorced, High Income, Illness & personal injury, Managing another person's assets, Planning Your Inheritance, Professional connections, Prudent saver, Receiving Inheritance, Retirement
CONTINUING ACCOUNT OF A DECEASED INVESTOR Since April 2018 the rules have changed on how ISAs can be passed on to spouses and civil partners on death. The rules allow for a continuing account of a deceased investor (CADI). These changes improve the rules on Additional...
by Dan Woodruff | Mar 23, 2018 | Business Owner, Financial planning, High Income, Managing another person's assets, Planning Your Inheritance, Prudent saver, Receiving Inheritance, Retirement
WHY ISA SEASON IS IN APRIL, NOT MARCH Have you heard of ‘ISA season’? Every March, just before the end of the tax year, we read in the financial press about how you should ‘use your ISA allowance, or lose it’. This article explains the flaw in...
