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Amendments to intestacy and reasonable provision rules in England and Wales

The rules of intestacy in England and Wales changed last week, with the coming into force of the Inheritance and Trustees’ Powers Act 2014 on Wednesday 1 October.

The main effect of the act is to abolish the life interest trust of the spouse established by the Administration of Estates Act 1925. In future, the surviving spouse of an intestate with children will get the GBP250,000 statutory legacy, the deceased’s personal chattels and half the balance of the remaining estate outright.

Read more on the Society of Trust and Estate Practitioners website, or follow this link: ow.ly/C66lO

 

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Amazon Sellers – top tips to ensure your long term success

Have you ever considered selling on Amazon or eBay, setting up an eCommerce business, or a little side hustle?

If this sounds like you, it seems you are not alone.

More and more people these days are selling online to boost their income, sometimes just for a bit of fun and with no higher plans, and other times in the hopes of turning this so called side hustle into their dream job and their very first foray into entrepreneurship…

We have been receiving lots of enquiries recently about accounts and tax for Amazon sellers, so I’ve recorded a little video outlining our top tips if you are thinking about giving it a go yourself…

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