April 6, 2017
Since the Residence Nil Rate Band (RNRB) was announced in 2015 it has been the topic of much discussion. The new band came into force on 6th April 2017 and now that it is finally here, it is time to ask what this new tax break means for you.
The RNRB has been described as increasing the amount that individuals can pass inheritance tax free from £325,000 to £500,000, however, that is not quite true. Currently everyone can pass £325,000 to anyone they like. This current ordinary nil rate band can be set against any asset. The RNRB is different. It is initially £100,000 but will increase every year until 2020 when it reaches £175,000. When added to the ordinary nil rate band, this brings us to £500,000 but it can only be set against your family home, and only if you leave that property to your direct descendants. This stipulation may cause problems to those using a discretionary Will trust to benefit their family. The situation for married couples and civil partners is slightly different as anything left to a surviving spouse passes inheritance tax free and on the survivor’s death their estate can claim both nil rate bands and both RNRBs. It is important to remember Inheritance Tax when making your Will and you should review your Will in light of these changes. With additional tax savings on offer, it would be a shame to miss out.
For more information on this subject or on Wills, Estate and Tax planning, please contact Claire Thompson on 01837 512100 or Richard Walford 01392 424242
February 20, 2017
Gilbert Stephens officially opened its newest branch in Market Street, Okehampton today.
On the afternoon of Friday 17th February 2017 a pre-opening drinks event was held at the new office where Philip Horlock and Emma Bellamy, the office’s permanent staff, were joined by Managing Partner Terry Bastyan, Head of Private Client Richard Walford and Wyatt Loake, IFA manager from Gilbert Stephens Financial Services, to welcome members of the town’s professional firms and business leaders. The town’s Mayor, Jan Goffey, was on hand to cut the ribbon on the new branch.
Philip said this morning ‘we have already had a fantastic response from the residents of Okehampton, with a number of instructions already taken. I look forward to meeting many more as the week unfolds.’
The ribbon cutting image is subject to Copyright and remains the property of the Okehampton Times
January 3, 2017
We are delighted to confirm that we will be opening a new office in Okehampton in early 2017. This expansion for Gilbert Stephens will see a new Okehampton Solicitors office in early 2017 and this new legal office in Okehampton Read more…
December 15, 2016
This year the team at Gilbert Stephens have been busy ensuring that the firm brings some Christmas cheer to others and are proud to have been able to send 38 Christmas shoeboxes to the Moldovan appeal and a further 8 Christmas shoeboxes to The Homeless appeal. Read more…
October 13, 2016
Gilbert Stephens Private Client team, lead by Richard Walford, Partner and in conjunction with Gilbert Stephens Financial Services Ltd ran a series of complimentary seminars across three locations in Devon throughout September 2016. Read more…
August 18, 2016
Another glorious day and a successful country show in Chagford with a record number of visitors, competitor numbers up and everyone seemed to enjoy themselves.
Our legal and financial services teams from our local Law & financial services firm Gilbert Stephens were kept very busy offering refreshments of a glass of PIMMS, strawberries & cream or a locally sourced pasty to our existing clients who offered strong support and many potential new clients. As this was the third show of the season, the team were now experienced hands.
Visitors could also enter a prize draw for a John Deere pedal tractor which proved a big attraction with both parents and their children alike.
August 11, 2016
The annual Okehampton Agricultural Show was lucky to be held on a glorious day this year and local law & financial services firm Gilbert Stephens met many of the shows visitors offering them a refreshing glass of PIMMS, strawberries & cream or a locally sourced pasty. Read more…
August 4, 2016
The 126th annual Honiton Agricultural Show was blessed with glorious weather this year and regular attendees Gilbert Stephens met many of the shows visitors offering them a refreshing glass of PIMMS, strawberries & cream or a locally sourced pasty. Visitors could enter a prize draw for a John Deere pedal tractor and this was won by a Feniton resident for her young son. The team from Gilbert Stephens saw strong support from existing clients and met many potential new clients, for both Legal and Financial aspects of the business. The firm looks forward to its attendance at the Okehampton and Chagford shows later in August.
July 7, 2016
A group from Gilbert Stephens including solicitors, support staff, management and Financial Services rode the 55 mile course of this years FORCE, Devon’s Cancer Charity, The Nello to help raise funds for this extremely valuable charity. Its work in supporting those affected by cancer, including relatives of sufferers is seen as vital in the fight against this terrible disease.
So many of us are directly or indirectly affected by cancer it is heart-warming to know that if needed there are organisations like FORCE ready to offer support and guidance to anyone going through tough times due to cancer.
A fantastically organised event , as ever, by Sarah Daniels and her team at FORCE, in conjunction with the events sponsor’s Topsham Rugby Club, Bike Shed and Exeter Physio.
The whole team completed the ride with smiles intact and proud to have taken part. Very welcome rest stops along the route kept the spirits high not least at Morchard Road where another group from Gilbert Stephens manned the food and drink area prior to the last stage and return to Topsham Rugby Club.
Congratulations to all those who took part and the firms best wishes go out to FORCE and all their staff.
December 17, 2015
Getting into the festive spirit – that of giving rather than eating and drinking – our staff donned an array of fluffy and sparkly jumpers worthy of a spot on a Noel Edmond’s Christmas Special on Thursday 17 December.