About Private Client Law Topics we cover Our experts Our Top Sources News Practice Notes Precedents Q&As Featured Glossary

About Private Client Law

When Private Clients ask questions, they expect answers - right away. But when you’re working across so many different areas of the subject day to day, it’s impossible to hold it all in your head. In addition finding the answer often means cross-referencing several different sources – from the latest legislation to the Law Society’s most up-to-date guidance.

Will Precedents

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.

Court of Protection

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.

Trust compliance

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.

Cross-referencing sources

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.

Our Top Sources

GET A TRIAL

Latest Private Client Q&As

Q&As
If (post-transaction) HMRC agrees a valuation for shares, and those shares are then sold on at a higher value, can HMRC go back on the agreed valuation for the initial sale and claim more tax is payable?
Q&As
What is the position regarding the minimum ownership period for BPR purposes relating to the trustees of a will trust where the trust contains business assets which qualified for BPR on the testator's death? Does the two-year clock restart with regard to the trustees or do the successive transfer provisions assist?
Q&As
What is the legal position where the personal representatives have failed to notify a beneficiary that the grant has been issued and this two month delay has caused the beneficiary prejudice in that they have less time to issue their claim under the Inheritance (Provision for Family and Dependants) Act 1975 within the six month time limit? Is there any case law where the PRs are criticised for such a delay in notifying beneficiaries?
Q&As
In a solvent estate where the Will provides for specific and general legacies, but no residue, and is silent on whether the gifts are free of inheritance tax (IHT) or not, where do the liability and the burden for IHT fall? What is the situation if the estate contains non-UK situs assets?
Q&As
Where an individual (H), living in the UK but domiciled elsewhere, died in 1970 leaving their entire non-chargeable estate to their UK-domiciled spouse (W) who died in 2018 and W’s estate is entitled to the full basic nil rate band (NRB) and residence nil rate band (RNRB), is W’s estate able to claim the transferable NRB and transferable RNRB from H’s estate?
Discover our Private Client Q&As
VIEW Q&As

Associated legal terms

Action of specific implement

An action which requires the court to grant an order requiring a party to perform a specific act. In Scotland, there is no distinction between equitable and legal remedies as there is in England and Wales.

Interest in possession

For trust law purposes, where a beneficiary has a current fixed entitlement to an ascertainable part of the net income or net capital (if any) or the use and enjoyment of trust property. For tax purposes, the term interest in possession has not been defined by legislation but its meaning was confirmed as a ‘present right to present enjoyment’ in the House of Lords case of Pearson v IRC. Also called a life interest trust.

Personal bar

The rule which prevents a person from maintaining that which they previously denied or the reverse.
Discover our Private Client legal terms
VIEW Glossary

Try it for free for 7 days

No Credit Card Required

No Downloads Necessary

**Trials are provided to all LexisNexis content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisNexis services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.