Charlotte Gifford

1 week ago | yahoo.com | Charlotte Gifford

Charities have come under fire for signposting cancer patients to a free will-writing company that left some sufferers unable to sell their own homes. Over 50 charities, including Maggie’s and Macmillan Cancer Support, partnered with law firm McClure in the mid-2010s to offer free wills to clients. However, in cases seen by The Telegraph, the law firm went on to advise the patients to place their properties in expensive and complex trusts to shield their assets from care and inheritance tax bills.

1 week ago | telegraph.co.uk | Charlotte Gifford

Alan Eccles, of Alacrity Legal, said putting a property inside a trust without consent of the lender could be considered a breach of the mortgage conditions. However many of McClure's clients had not been made "properly aware" of the need to inform mortgage lenders and insurance providers about the existence of the trust, he continued. Mr Eccles said: "Until an insurer confirms it's OK, there is a definite risk of the house being left as if no insurance is in place.

1 week ago | msn.com | Charlotte Gifford

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1 week ago | msn.com | Charlotte Gifford

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.

1 week ago | telegraph.co.uk | Charlotte Gifford

Rachel Reeves should consider raising the basic rate of income tax for the first time in 50 years, the director of the Institute for Fiscal Studies (IFS) has said. Paul Johnson suggested the Chancellor follow in the footsteps of Denis Healey, the former Labour chancellor, and take "drastic action" by increasing the basic rate of income tax, which is currently 20pc, in her autumn Budget. However, experts warn it would leave workers hundreds of pounds worse off a year.