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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

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Associated legal terms

Financial assistance scheme (FAS)

Now administered by the Pension Protection Fund (PPF), the FAS offers help to some people who have lost out on their pension because they were a member of an under-funded defined benefit scheme that started to wind up between 1 January 1997 and 5 April 2005. The FAS applies only where: • the scheme did not have enough money to pay members’ benefits and the employer cannot pay the shortfall because it is insolvent, no longer exists or no longer has to meet its commitment to pay its debt to the pension scheme, or • the scheme started to wind up after 5 April 2005 but is ineligible for help from the PPF due to the employer becoming insolvent before this date Assistance is also payable to the survivor of a pension scheme member and to certain surviving dependants.

Trust

An equitable obligation (ie a duty imposed by the law of equity), binding the trustee to deal with property over which he has control (the trust property), for the benefit of persons (the beneficiaries), of whom the trustee may be one, and any one of whom may enforce the obligation.

Valuation day

The date on which the CE is re-calculated by the PRPA to implement a pension sharing order. It is any day within the implementation period as the PRPA may specify by notice in writing to the parties. Any benefits accrued since transfer day are excluded from the valuation exercise as this is the date on which the pension sharing order takes effect.

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