Precedents covering the most common scenarios found in practice, with comprehensive drafting notes to accompany each clause, incorporating the latest developments (such as Will drafting considerations in respect of the inheritance tax residence nil rate band).
Our Court of Protection topic covers both property and finance and health and welfare Court of Protection applications. It is geared at both the Court of Protection specialist practitioner and the occasional user, who undertakes this work alongside a general private client practice.
Helps practitioners keep on top of the ever increasing compliance and regulatory obligations on trustees. Topics covered include beneficial ownership transparency, the Money Laundering Regulations, the Trust Registration Service, obligations relating to data protection and GDPR and offences under the Bribery Act 2010.
LexisPSL Private Client helps you get to the heart of the matter faster. With hundreds of distinct practice notes across 21 topics, you can get a clear, concise view from leading experts in their field with direct links to the most relevant sources, including the All England Law Reports and highlights from Underhill and Hayton Law of Trusts and Trustees, Tristram and Coote’s Probate Practice, and Butterworths Wills Probate and Administration service. Plus over 90 fillable, saveable and printable forms – including smart forms and precedents, like our Automated Will Draftsman and IHT 400.
It’s all checked by our own team of in-house lawyers to make sure it’s accurate and up-to-date, all in unfussy language so you don’t have to translate it for your clients. You can be confident that you’re giving your clients the best advice, with the least downtime.
This week’s edition of Private Client highlights includes: (1) Court of Appeal decision in Hirachand v Hirachand, in which a CFA uplift was upheld as...
This week’s edition of Private Client highlights includes: (1) Golden Belt 1 Sukuk Company, in which the court held that the trustee had power under...
Private Client analysis: The Royal Court in Jersey held, disagreeing with a recent judgment of the Supreme Court of Bermuda, that protectors of trusts...
This week’s edition of Private Client highlights includes: (1) Re BU, where the Court of Protection issued an order preventing a dementia sufferer...
Tax analysis: In Amarjit Bhaur and others v Equity First Trustees, the High Court declined the Bhaur family’s application to set aside a tax scheme...
Dividend articles in double tax treatiesArticle 10 of the OECD model convention is concerned with the taxation of dividends paid cross border. In...
Tax incentives for individuals investing in AIM companiesVarious tax incentives are available to individuals investing in unlisted shares and...
Penalties for failure to notify a liability to tax—reasonable excuseFORTHCOMING CHANGE: HMRC has consulted on proposals to amend the rules in Schedule...
Late payment penalties—PAYE, NICs and construction industry schemeThis Practice Note is about the penalty regime in the Finance Act 2009 (FA 2009) for...
15 per cent rate of SDLT for high-value residential property transactionsThe higher rate of stamp duty land tax (SDLT) for high-value residential...
Introduction to trusts and trust drafting—training materialsClick the link below to download the training presentation.Contents•Key components of a...
Being an attorney under a property and financial affairs LPA—client guideThis document provides general guidance about what is involved in acting as...
Being an attorney under a health and welfare LPA—client guideThis document provides general guidance about what is involved in acting as an attorney...
2% SDLT surcharge for non-residents—training materialsThese Training Materials cover the 2% stamp duty land tax (SDLT) surcharge that applies from 1...
Letter to GP requesting assessment of capacity to enter into a Lasting Power of Attorney for health and welfare[GP OR Doctor]Dear Dr [insert...
Notaries and notarisation—notarisationThe principles of the notarial act are that it is:•an act of the notary and not of the parties named in the...
Beddoe applicationsWhen trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe...
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
Trustees—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
Trustees—removal of trusteesA trustee may be removed against their will in any of the following ways:•under an express power in the trust...
Creation of trusts—blind trustsWhat is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the...
The Cy-près doctrineFORTHCOMING CHANGE: On 22 March 2021, the government published its response to the Law Commission’s report of 14 September 2017,...
Relief for income tax lossesReliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer...
Capacity to litigateOn the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without...
Assessment for residential accommodationCoronavirus (COVID-19): The content of this Practice Note is temporarily affected by the coronavirus...
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
Costs and expenses in the Court of ProtectionThere are court fees and disbursements which will be payable by all applicants on making a new...
Acceptance in Lieu scheme and other heritage property reliefsSTOP PRESS: HMRC has updated its guidance on calculating the special price in Acceptance...
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
A negotiable instrument that represents an unconditional promise by one party to pay another party, in accordance with the terms of that instrument. Bills of exchange are governed by the Bills of Exchange Act 1882. Their key characteristics are as follows:
•'unconditional'—payment cannot be subject to any conditions or requirements whether set out in the instrument or referenced externally
•'in money'—they are for payment in money and cannot include an agreement to perform any other acts
•'sum certain'—the amount due cannot be qualified or contingent and must be able to be determined from the instrument itself. However, if interest must be paid in addition to the principal amount, that can still be a 'sum certain' provided that the interest rate is fixed in the instrument (and is not floating).
The purchase by the trustees of an occupational pension scheme of an insurance policy in the name of a member or other beneficiary. The purchase follows the termination of the member's pensionable service, and is in lieu of entitlement to benefits from the scheme.
An offer of new shares or other securities to existing shareholders in proportion (or pro rata) to their existing shareholdings in the company. A rights issue is one way for a company to raise equity capital and is also referred to as a type of pre-emptive offer.
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