Article Category: Personal & Family Law – Insight & Opinion

Discretionary Trusts: Don’t Wait For A Family Dispute To Happen

A recent case about a family farming partnership has highlighted the need to take independent legal advice, even when a solicitor is advising the family and everyone is getting on well at the time. Without it you could be shocked by the result of future disputes, particularly when it comes to assets left in discretionary… Read more »

How Can You Claim A Refund On Your LPA Application Fee?

The Ministry of Justice have today, Thursday, 1st February, announced that they have launched the OPG fee refund scheme. This means that many people can now claim a refund for their Lasting Power of Attorney (LPA) application fee. Who is entitled to a refund? If you made a LPA or an Enduring Power of Attorney… Read more »

Are You And Your Family Missing Out On Important Succession Planning Advice?

Recent research carried out by Brewin Dolphin with Opinium* discovered that 47% of UK adults surveyed have never discussed passing on their legacy. Unfortunately by not taking professional advice on your succession planning, your family may pay more inheritance tax on the legacy they receive from you. A consultation with a legal advisor could help… Read more »

How Can You Help Elderly Residents Avoid Financial Abuse?

Financial abuse of the elderly is rapidly escalating and it is estimated that one in every six people over the age of 60 will fall victim at some point. How are the elderly targeted?   Whilst there are many rogue traders, conmen and scammers who will prey on the elderly and vulnerable, it is an… Read more »

New HMRC Trust Registration Service: What Do You Need To Know?

HMRC announced new reporting requirements for trustees who are responsible for Trusts with tax consequences and have also launched a new Trust Registration Service. These updates follow the new EU Money Laundering Regulations and mean that the majority of Trusts which require reporting must submit data by 5 December 2017. But what information is required,… Read more »

Residence Nil Rate Band: Has It Made A Difference?

Since April 2017, the Residence Nil Rate Band for inheritance tax has been available to claim. The new allowance was announced in 2015, and over the months that followed, many questions were asked about how exactly the new rules would work. So six months on from the date of introduction, what does this mean for… Read more »

The Vigne Decision: A New Glimmer Of Hope For Business Property Relief

A recent court decision, the Vigne case, has given a glimmer of hope for taxpayers hoping to qualify for Business Property Relief from inheritance tax. Business Property Relief (BPR) offers significant tax savings, often 100%, so it is obvious why taxpayers are keen to maximise this relief where possible. The Vigne decision, upheld the claim… Read more »

Wills To Reflect The Modern World

The law governing the making of Wills dates back to the 19th century. The age of the population has increased since then, dementia is widespread but our medical understanding of mental capacity has advanced. Family units have also changed, second marriages, children from previous relationships and cohabitees are now more common. Our estates are getting… Read more »