Article Category: Personal & Family Law – Insight & Opinion

“Finding Derek” – Why Lasting Powers of Attorney are so Important

Document for Lasting Powers of Attorney

The documentary made by Kate Garraway titled “Finding Derek” aired recently and brought to light why having Lasting Powers of Attorney in place is crucial to protect yourself should an unexpected crisis occur. Justine Clowes, Partner and Head of Private Client Group, highlights the benefits of making a Lasting Power of Attorney and how this… Read more »

Trust Registration Service (TRS) – Deadline Extension

Earlier in the year, we discussed the Trust Registration Service (TRS) and the additional regulations that came into force on 6th October 2020 as a result of the Fifth Money Laundering Directive (5MLD). Recently, HMRC has announced that a deadline extension for the TRS will be implemented. It will be a requirement to register all… Read more »

Budget 2021: Impact on Your Estate

Desk with document titled inheritance tax

In the months leading up to the Budget, several rumours were circulating about the changes that would be made this year. Chancellor Rishi Sunak announced that inheritance tax and capital gains tax would remain the same, but what does this mean essentially and how does it impact making lifetime gifts and the value of your… Read more »

Property in a Trust: Responsibilities and Considerations for Trustees

Taking care of property in a trust

Putting property in a Trust is a great way to safeguard the property and avoid a lengthy and costly probate process on death. For the trustees who hold the property, it is important to consider any potential risk factors, your obligations and the health and wellbeing of the beneficiary residing in the property. There is… Read more »

The Dangers of a Homemade Will

Currently, there is no requirement for people to make a Will under English law. And, in fact, a study carried out by ‘Remember a Charity’ in 2019 found that 68% of UK adults do not have a Will. If you’re one of these people, and you’re now contemplating writing a Will yourself — proceed with… Read more »

Tax Returns Deadline Extension Announced by HMRC

HMRC announces tax returns deadline extension

The HMRC have recently announced that  people required to file self-assessment tax returns will not receive a penalty if submitted late, provided that the tax return is filed online by the 28th February 2021. The deadline extension follows the realisation that many people required more time and were struggling to complete their tax returns by… Read more »

Trust Registration Service: New Regulations

man with a pen signing his expression of wish form

Trusts can affect individuals and families in a number of ways, often occurring where there are second marriages, for tax planning or for the protection of vulnerable beneficiaries. The role of Trustee and the position of Trusts can be daunting with various duties and regulations applying and new rules being implemented. What is the Trust… Read more »

Caroline Flack: What Happens if You Die Without a Will?

Last will and testament document - what happens if you die without a Will?

Caroline Flack, TV presenter, very sadly took her own life in February 2020. Newspapers estimated that her estate was worth around £2 million but, after debts, the value was £827,000. Caroline had passed away unexpectedly without a Will having been made and therefore, by law, her estate is to be administered in accordance with the… Read more »

Making a Will: One of Your New Year Resolutions?

New Year resolutions book - is making a Will on yours?

Traditionally, the New Year brings an opportunity for people to make new resolutions to live better and be more proactive. These may involve participating in “dry January” and “veganuary”. People may also decide to quit smoking, lose weight, join a gym or simply de-clutter the house. But what about promising to make or update your… Read more »

Grant of Probate: Changes to the Application Process

Filling in an application for a grant of probate

If you are dealing with the affairs of someone who has died, you may find that, as an executor, you need to apply for a Grant of Probate. A Grant of Probate is a Court Order which confirms the appointment of the executors named in the Will, and enables them to deal with the estate administration. This… Read more »