The following Wills & Probate Q&A provides comprehensive and up to date legal information covering:
In deciding whether to disclose the joint assets, consider the following:
section 3 of the Inheritance (Provision for Family and Dependants) Act 1975 (I(PFD)A 1975), in particular, I(PFD)A 1975, s 3(c) provides that when making an order under I(PFD)A 1975, s 2, the court must consider ‘the financial resources and financial needs which any beneficiary of the estate of the deceased has or is likely to have in the foreseeable future’
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What are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which connect offshore wind farms to the onshore electricity network. The transmission assets comprise everything between the offshore point of connection with the generating wind farm assets and the
On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
Broadly, the doctrine of overreaching enables purchasers (which includes tenants and mortgagees) in good faith for money or money’s worth to rely solely on the legal title. In the case of registered land, this means the entries entered on the register of title, as it records ownership of the legal
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
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