Gift of a lifetime
During the global pandemic, advisors may have seen an increase in clients who wish to make gifts, perhaps to support family members who have been affected by the current situation or as part of their wider succession planning.
Welsh farmer's will overturned despite expert report asserting capacity.
The final will of a Welsh farmer has been overturned on the basis of lack of testamentary capacity, despite a medical assessment and an expert report suggesting he had capacity when he signed it.
Who gets the keys to your digital estate?
You may not own cryptocurrency or nonfungible tokens. You may not have a big Instagram following or run an online business. But if you do almost anything online, you probably have digital assets — electronic records that you own, control or license.
What is a deceased insolvent estate?
A deceased estate is insolvent when the deceased person’s liabilities exceed the value of their assets. This leads to creditors being owed money by the estate, which must be repaid as far as funds allow.
TRUSTS OF LAND: Cohabitant who contributed nothing to house purchase wins constructive trust claim
Sharon Blades has won her claim to a half share in a large country house bought by her former cohabitant Christopher Rowland in 2009 as joint tenants with no declaration of trust.
Separated spouse can claim maintenance in England during Scottish divorce
A separated spouse is entitled to claim for interim maintenance payments in one UK jurisdiction while divorce proceedings are pursued in another, the UK Supreme Court has ruled…
UK trust registration deadline to be extended
HM Revenue & Customs has stated that it will not meet the March 2021 target for upgrading the Trust Registration Service (TRS) to allow non-taxable trusts to register.
High Court case highlights the importance of Estate Planning
A recent High Court case has illustrated the importance of being prepared and making a Will.
An overview of tax and family considerations when planning for the succession of a family business in the UK
Succession planning should be viewed as a process rather than an event. A successful business must not be reliant on one key individual.
‘DIY Will’ rejected in £300k case
A DIY Will has resulted in a family being pulled further apart as one sibling has pocketed her late father’s £300,000 fortune.