Precedents covering the most common scenarios in this area. Drafting notes accompany each clause - incorporating the latest developments like Will drafting considerations for 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’s geared at both the Court of Protection specialist practitioner and the occasional user.
Topics 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.
When private clients ask questions, they expect answers quickly. But, working across lots of areas day to day, it’s impossible to hold it all in your head. We’ll help you cross-referencing several different sources.
The House of Lords has established a Special Public Bill Committee to examine the Property (Digital Assets etc) Bill [HL], which seeks to legislate on...
Private Client analysis: In a decision which will come as a relief to private individuals who own shares in BVI companies, the Privy Council has...
A Special Public Bill Committee established by the House of Lords has issued a call for evidence on the Property (Digital Assets etc) Bill. The...
This week’s edition of Private Client highlights includes: (1) Wigglesworth v Beetson, in which the claimant failed in an action for estoppel and...
This Q&A considers who can act to represent the estate of the deceased where a claimant has died and there are no personal representatives appointed...
The equity of exoneration and how it applies in practiceThis Practice Note looks at the equity of exoneration: what it is, and when and how it...
Choice of law in foreign accident claimsNOTE: This Practice Note refers to UK Rome II. This regulation is applied when determining applicable law in...
Internationally mobile employees with employment-related securities or securities optionsIntroductionThis Practice Note discusses the taxation of...
Tax position of non-resident trustsFORTHCOMING CHANGE: Abolition of non-dom regime and introduction of residence-based IHT regime.At Autumn Budget...
Introductory guide to CGTWhat is capital gains tax?When an individual disposes of an asset and makes a profit that is capital in nature, which is not...
Estate administration—Letter to telephone or broadband supplier[enter name of telephone company][enter address of telephone company]Dear [enter...
Estate administration—Letter to mobile telephone supplier[enter name of mobile telephone company][enter address of mobile telephone company]Dear...
Letter to local press enclosing section 27 notice[enter name of newspaper][enter address of newspaper]The late [enter name of deceased]Dear [enter...
Letter to client advising grant of representation received[name of client][enter address of client][enter date]Dear [name of client]The late [enter...
Estate administration—Letter to bank[enter bank name][enter bank address]Dear [enter organisation name]The late [name of deceased]Account number(s):...
Death in service benefitsOverview of the types of death in service benefits and their tax treatmentThere are three types of death in service...
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
Lifetime giftsA lifetime gift is a gratuitous transfer of ownership of any property between living persons and not made in expectation of death. In...
Exemptions and reliefs from income taxFor income tax rates and allowances applicable in the current tax year, see Practice Note: Key UK tax rates,...
Payment of legaciesIdentification of beneficial interestsThe personal representatives (PRs) of an estate must identify:•the beneficiary or...
Liferent trusts—ScotlandLiferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both,...
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...
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
Benevolent fundsFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and will be implemented on a staggered...
Creation of trusts—life insurance trustsDefining life insurance trustsA life insurance trust usually involves either:•an assignment of an insurance...
CGT—PPR relief for UK residents with overseas dwellings and non-UK residents with UK dwellingsPrincipal private residence relief (PPR relief) exempts...
Calculating the IHT charge on deathThis Practice Note outlines how to calculate the amount of inheritance tax (IHT) that arises on an individual’s...
ProtectorsWhat is a protector?A protector is a person who holds powers under a trust but who is not a trustee. A protector is a person who is...
The Cy-près doctrineFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and will be implemented on a...
Perpetuities and accumulationsThe rules relating to perpetuities and accumulations stem from the common law and the provisions in the Perpetuities and...
Capital gains tax is a tax on the profit that arises when a person disposes of an asset that has increased in value.
The rule which prevents a person from maintaining that which they previously denied or the reverse.
The setting aside of a deed, contract, decree or award, usually by legal process.