Navigate the intricacies of regulatory obligations with our comprehensive guidance tailored for Private Client practitioners. Understand and stay ahead of the ever-evolving compliance landscape to safeguard your clients' interests effectively.
This week’s edition of Private Client highlights includes: (1) a decision of the Business and Property Division (BPD) which held that a devise to a...
Private Client analysis: In Langley v Langley, the High Court exercised its jurisdiction under section 117 of the Senior Courts Act 1981 (SCA 1981) to...
This Q&A considers whether inheritance tax is chargeable on the value of trust property both upon the death of individual A, who leaves their estate...
Private Client analysis: The Court of Protection confirmed that managing Direct Payments under any of four statutory schemes requires specific...
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
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...
Preparing the application form PA1P/PA1A for probate or letters of administrationFORTHCOMING CHANGE: The postal application forms PA1P and PA1A for...
Administration actions—personal representatives and the deceased's liabilitiesAn individual may assume obligations, for example in respect of...
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin termDefinitionMeaningActa iure imperiiLegal
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