Category: Private Clients

Bankrupt who failed to declare inheritance handed six month suspended prison sentence

A bankrupt who transferred his father’s inheritance to his wife to avoid paying tax debts has been handed a six-month suspended prison sentence, it has been revealed.

Record number of adults plan to leave charitable legacy, study reveals

A record number of adults are planning to write a gift to charity in their Will or have already done so, a major study has revealed.

HMCTS to clear probate case backlog by 2021, report suggests

HM Courts and Tribunals Service (HMCTS) has this month published an overview of how the department plans to reduce the probate backlog and ensure bereaved families can close estates as soon as possible.

Over-50s shift inheritance plans to support family during pandemic

A significant number of over-50s have changed their inheritance plans to support loved ones through the coronavirus pandemic, a major study has revealed.

Number of Lasting Power of Attorney arrangements increases

The number of people in the UK putting Lasting Power of Attorney (LPA) arrangements in place has continued to increase between March and August 2020, with more than 200,000 submitted in the period.

The importance of a Will arising from a surrogacy arrangement

Entering into a surrogacy arrangement is a process that takes a lot of legal consideration and specialist legal advice, and a new Will a key document to put in place before the child is born.

Inheritance dispute: Daughter could lose £260,000 home

A daughter could lose the £260,000 home which she was awarded in a divorce settlement following a legal battle with the Royal National Lifeboat Institute (RNLI) over a legacy agreement in her father’s Will.

Remote witnessing of Wills legalised up until 2022

On 7 September 2020, a statutory instrument temporarily legalising the witnessing of Wills through videoconferencing was laid before Parliament and will come into force at the end of the month (28 September 2020).

The importance of creating and maintaining an up to date Will

The coronavirus pandemic has seen a significant rise in the number of individuals looking to either create or update their Will, with enquiries increasing by 70 per cent since lockdown measures were introduced in March.

Two in three parents fear hard-earned inheritance could be leveraged in children’s divorce settlement

Almost two in three parents are hesitant about handing over their hard-earned wealth to married children with fears that it may be handed over to spouses on divorce, a study has revealed.