Family businesses—governance

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Precedents
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...
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19th May
Precedents
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
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19th May
Practice notes
Trustees—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
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19th May
Q&As
At what stage and to whom can a Deed of Appropriation take place when selling a second property in an estate?We assume you refer to the situation when...
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19th May
Practice notes
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...
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Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 19th May
Practice notes
The Cy-près doctrineFORTHCOMING CHANGE: On 22 March 2021, the government published its response  to the Law Commission’s report of 14 September 2017,...
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19th May
Practice notes
Relief for income tax lossesReliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer...
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19th May
Practice notes
Assessment for residential accommodationCoronavirus (COVID-19): The content of this Practice Note is temporarily affected by the coronavirus...
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19th May
Q&As
Can a life tenant in a Will bring a life interest to an end by choosing to end it themselves or does it only expire on death?Life tenantsA life...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 19th May
Practice notes
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...
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19th May
Practice notes
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
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19th May
Practice notes
Costs and expenses in the Court of ProtectionThere are court fees and disbursements which will be payable by all applicants on making a new...
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19th May
Practice notes
Acceptance in Lieu scheme and other heritage property reliefsSTOP PRESS: HMRC has updated its guidance on calculating the special price in Acceptance...
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19th May
Practice notes
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
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19th May
Practice notes
Offshore trusts—offshore income gains (OIGs)Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are...
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19th May
Practice notes
Trust disputes—court jurisdiction and procedureTrust litigation has been classified as being of three types:•a dispute as to the trusts on which...
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19th May

Most recent Family businesses—governance content

Practice notes
Family offices—governance and regulationThe governance of family offices falls into two broad categories:•external compliance—where the activities of...
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Produced in partnership with the Family Business Consultancy 24th Aug
Practice notes
Family investment companiesInterest in the use of family investment companies (FICs) as an estate planning vehicle increased following the changes to...
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Produced in partnership with Deborah Clark of Mills and Reeve LLP 16th Aug
Practice notes
Formalising the family business: the advantages a formal structure can bring'Govern a family as you would cook a small fish—very gently'. Many would...
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Produced in partnership with Jonathan Riley of Michelmores 16th Aug
Practice notes
Family officesThe term ‘family office’ embraces a huge range of situations. As such, there is no single accepted definition. However, the Family Firm...
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Produced in partnership with The Family Business Consultancy 31st Jul
Practice notes
Family businesses—family governanceIn March 2010, the European Confederation of Directors' Associations (ecoDa) published Corporate Governance...
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Produced in partnership with Ken McCracken 31st Jul
Practice notes
Resolving family business disputesConflict is inevitable…war is notConflict is an inherent part of the human condition. In and of itself, it is...
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Produced in partnership with Ian Marsh of familydr 31st Jul
Practice notes
Family businesses—ownership governanceThe examples given in this Practice Note are based on a UK company that is privately owned but the same issues...
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Produced in partnership with Ken McCracken 31st Jul
Practice notes
Family businesses—the family constitutionThere are different types of family constitution:•unwritten•written or partly written, and•codifiedUnwritten...
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Produced in partnership with Ken McCracken 31st Jul
Practice notes
Guarding against family business disputesConflict is inevitable…war is notWe are all hard wired to strive to survive, to breed, and to put our young...
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Produced in partnership with Ian Marsh of familydr 31st Jul
Practice notes
Family business boardsThe vast majority of family companies are privately owned. As such, the corporate governance regime applicable to listed...
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Produced in partnership with Family Business Solutions Ltd, Withers Consulting Group and Family Business Consultancy 31st Jul

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