Inheritance tax is due to change in April. Currently, everyone is allowed to leave an estate valued at up to £325,000 without paying tax on it. This is a called a nil rate band. Anything you leave above that amount is charged at 40%.
When personal injury claimants who are victims of life-changing injuries accept a lump sum compensation payments, the actual amount they receive is adjusted according to the interest they can expect to earn by investing it.
Mrs Jackson and her only child, her daughter Mrs Ilott, fell out long ago – when Mrs Ilott eloped and married Mr Ilott at the age of 17. That rift never healed despite some attempts at reconciliation and Mrs Jackson made a Will in her later life which gave her daughter nothing at all. She left everything to various charities with whom it did not appear she had any special connection.
“Shellshock” was hugely witnessed in veterans after WW1, and later “Gulf War syndrome” made the headlines in 1991 due to US and UK soldiers returning home from the war suffering symptoms of helplessness, panic, being scared, or an inability to sleep/walk/talk. Despite all of these indications, what we now know to be post-traumatic stress disorder (PTSD) is “ill defined” in army personnel even to the present day, even though it is a recognised medical condition and has been since 1980.