When questioned on Lasting Powers of Attorney (LPAs) most people will tell you that they don’t need one because they are fit and healthy and that LPAs are only required for elderly people.
Sadly, this is not the case, and we aim to raise awareness of LPAs as every person should consider making them.
We have recently been contacted by a client who has been advised by HSBC that HSBC are transferring their probate services business to a third party known as Simplify Trust Corporation. We would like to take the opportunity to explain this type of arrangement to our clients and the impact it may have on the administration of their estates in the future.
The Court of Appeal have just given a landmark ruling in respect of making a claim over an estate that an individual has been specifically excluded from.
For a lot of people, buying & selling their home can be one of the most stressful times in their life.
This guide will help to provide you with explanations of the processes involved and will hopefully answer some frequently asked questions.
A recent case to hit the news headlines involved Mrs Wyatt against her ex-husband Mr Vince. The claim was brought by Mrs Wyatt for financial settlement against her ex-husband. The unusual circumstances of this case being that the marriage broke down more than 30 years ago. The ex-husband, who is now a multi-millionaire businessman, acquired his wealth sometime after the parties divorced. Furthermore it was a relatively short marriage of just two years before they separated.
As of 4th December 2014, most people buying a house will pay less Stamp Duty.
Stamp Duty Land Tax (SDLT) for residential properties is now charged at different rates depending on the portion of the purchase price that falls within each rate band.
The changes will apply to residential properties completed on or after 4 December 2014.
The Inheritance and Trustees’ Powers Act 2014 comes into force on the 1 October 2014. This legislation includes provisions which apply to those who die intestate (i.e., without making a Will) and changes the way in which the assets of people who die without making Wills are shared between their relatives.
In recent years the general position has been that employers would generally not set a compulsory retirement age for employees as doing so could be regarded as discriminatory. However, a compulsory retirement age can be imposed providing an employer can justify it.