Financial matters

Financial matters guidance:

Solicitors are not generally involved in the actual determination of where a client should invest—that is best left to an independent financial adviser. However, clients...

Practice Note

In recent years the phenomenon of the capital-rich, cash-poor elderly client has become more common. Generally their wealth is tied up in their home which has appreciated...

Practice Note

Although local authorities have some responsibilities regarding care funding and it is that area that causes major discussion, they also have liabilities in respect of...

Practice Note

Dear [insert name of client] Thank you for your instructions [I refer to our meeting and your instructions] to [insert the details of the gift to be made]. I will be...

Precedents

A lifetime gift is a gratuitous transfer of ownership of any property between living persons and not made in expectation of death. In contrast, gifts made in...

Practice Note

STOP PRESS:The Chancellor in his 2014 Autumn Statement announced that the Bereavement Support Payment will become operational from April 2017 and will be exempt from...

Practice Note

STOP PRESS:The guidance in this Practice Note may be affected by the announcements in Autumn Statement 2015. For an overview of these announcements, see News...

Practice Note

Individuals may find themselves liable to pay income tax and capital gains tax during their lifetime. On death their estate may be liable to inheritance tax. Efficient...

Practice Note

There is a difficulty when acting for elderly clients as to what age they are classed as 'elderly'. That age has been a movable target over the years but can, of course,...

Practice Note