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.
Topics We Cover
Latest Private Client News
Private Client analysis: Mr Justice Poole clarified the approach to be taken towards provision of position statements and skeleton arguments to public...
This week’s edition of Private Client highlights includes: (1) analysis of In the Estate of Kathleen Coady, a decision on whether a Will signed under...
This Q&A considers whether, in the context of a claim under the Inheritance (Provision for Family and Dependants) Act 1975, if the 3 children of the...
Private Client analysis: In Ivey & Others v Lythgoe and another, the High Court considered a dispute over the validity and rectification of two Wills...
Private Client analysis: Having found that the claimant had established his claims in proprietary estoppel and under the Inheritance (Provision for...
Latest Private Client Practice Notes
SDLT—administration and complianceThis Practice Note summarises the stamp duty land tax (SDLT) compliance regime and gives an overview of the...
Art law—bailmentIssues relating to bailment can arise in art contexts. For example, a warehouse or shipping company may owe bailment duties when...
Ramsay as a guide to statutory constructionLexis+® UK Tax is grateful to Nigel Doran of Macfarlanes LLP for his comments on an earlier draft of this...
Offshore trusts—offshore income gains (OIGs)STOP PRESS: Abolition of non-dom regime and introduction of residence-based IHT regimeFinance Act 2025 (FA...
Offshore trusts—transfers between settlements—offshore income gains (OIGs) and s 1(3) amountsCapital payments are generally taxed by matching them...
Latest Private Client Precedents
Loan agreement—individualsDATE:Parties1[[name] of [address] [and [name] of [address]] OR [name] and [name] both of [address]] (Lender[s])2[[name] of...
Estate administration—Letter to bank[enter bank name][enter bank address]Dear [enter organisation name]The late [name of deceased]Account number(s):...
Estate administration—Letter to company secretaryFAO: Company Secretary[enter company name][enter address]Dear Company SecretaryThe late [name of...
Estate administration—Letter chasing company for response[Insert name of company][Insert address of company][Insert date]Dear [insert organisation...
Estate administration—Letter to telephone or broadband supplier[enter name of telephone company][enter address of telephone company]Dear [enter...
Latest Private Client Q&As
Featured Private Client content
Nature and classification of trusts—the three certainties
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
Protectors
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 administration
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 liabilities
Administration actions—personal representatives and the deceased's liabilitiesAn individual may assume obligations, for example in respect of...
Loan agreement—individuals
Loan agreement—individualsDATE:Parties1[[name] of [address] [and [name] of [address]] OR [name] and [name] both of [address]] (Lender[s])2[[name] of...
The Cy-près doctrine
The Cy-près doctrineFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and will be implemented on a...
Trustees—appointment of trustees
Trustees—appointment of trusteesOriginal trusteesTrustees will usually be appointed by the instrument that brings the trust into existence. The trust...
Death in service benefits
Death in service benefitsOverview of the types of death in service benefits and their tax treatmentThere are three types of death in service...
Assent of assets by personal representatives
Assent of assets by personal representativesPersonal representatives (PRs) can transfer assets to beneficiaries in any way that would also be...
A trust holds the beneficial ownership of shares in a company of which one trustee is a director. Of the three beneficiaries, two are adults and there is a declaration of trust in respect of the shares held for them. The other is a minor and there is a separate declaration of trust for him. What would or should happen to the company shares on the death of a beneficiary? Neither declaration of trust deals with this issue.
Intermeddling in an estate
Intermeddling in an estateWhat is intermeddling?An individual who performs certain duties which a personal representative (PR) would perform to...
Termination of trusts—methods of termination
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
Trusts as a vehicle for holding company shares
Trusts as a vehicle for holding company sharesIntroductionMany trusts own shares as part of a portfolio of investments. This Practice Note looks at...
Benevolent funds
Benevolent fundsFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and will be implemented on a staggered...
Creation of trusts—life insurance trusts
Creation of trusts—life insurance trustsDefining life insurance trustsA life insurance trust usually involves either:•an assignment of an insurance...
Lifetime gifts
Lifetime giftsA lifetime gift is a gratuitous transfer of ownership of any property between living persons and not made in expectation of death. In...
Source of income (and private client)
Source of income (and private client)When advising an individual on cross-border or offshore tax planning, it is important to establish the 'source'...
Liferent trusts—Scotland
Liferent trusts—ScotlandLiferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both,...
Associated legal terms
Crystallise
Refers to the status of defined contribution funds when they are paid out, used to buy an annuity or designated for drawdown.
Ordinary power of attorney
A legal document enabling the donor to appoint one or more attorney or donee to make decisions on their behalf in respect of their property and financial affairs. An ordinary power of attorney will be automatically revoked by the mental incapacity of the donor and is distinguishable from an EPA or a financial LPA in this respect.
Section 32 transfer buyouts
Schemes into which SERPS were transferred.
CONTACT US
