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The increase in blended families i.e having children from more than one partner can have a knock-on effect on estate planning and Will writing. It is natural to want to provide for you current children and any children you have from previous relationships, there are two established ways that Will drafters use to cover this...
Economic/Financial abuse is more likely to affect the elderly, some due to their vulnerability and disabilities which make them dependant on others. Some of these helpers will have access to their assets – including online banking and shopping apps. Where can Economic/Financial abuse be found in Private client? This type of abuse can be seen...
The legislation came into place in 2020 under S9 of the Wills Act 1837, amending it to adapt to all affected during the pandemic. Signing and attestation of Wills (1) No will shall be valid unless— a) it is in writing, and signed by the testator, or by some other person in his presence and...
Linking The Charities Act 2011 (CA 2011) gives the Commission the power to link two or more closely related charities ‘for all or any purposes of this Act’, and their guidance states: ‘In practice, we will usually link charities for both registration and accounting purposes and we will occasionally link charities for registration purposes only.’...
There are no rules nor law as such for these matters as each case will be driven by its own unique facts. It is a matter to discuss with potential personal representatives and to consider in the light of any specific policies laid down by the firm as well as general professional ethics but, ultimately...
We refer you to section 9 of the Wills Act 1837 (WA 1837) which sets out the requirements for a valid Will. That section states: ‘No will shall be valid unless— (a) it is in writing, and signed by the testator, or by some other person in his presence and by his direction; and (b) it appears...
The requirements for a valid Will are set out in Wills Act 1837 (as amended by the Administration of Justice Act 1982) and are as follows: The Will must be in writing and signed by the testator or by some other person in his presence and by his direction It must appear that the testator...
Rights and duties of a trustee in relation to expenses incurred in transferring trust property to a beneficiary A trustee is under a duty to distribute the trust assets to the correct beneficiaries in the execution of the trust, which includes transferring the legal ownership of the trust assets to the beneficiaries. Any failure to...
When a Will becomes public A Will only becomes a public document if a grant of probate is required. This is usually dependent on the size of the estate at the time of the testator’s death. In applying for probate, the executors will send the original Will of the deceased to the Probate Registry. Once...
We have assumed that: The individual is domiciled in the UK and the shares in the company are UK situs property, and The individual does not pay full market rent for the occupation of the property The reservation of benefit treatment of a disposition for inheritance tax (IHT) purposes arises, by virtue of section 102(3) of the...
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