In the early hours of Friday morning (23 Nov), the Office of Tax Simplification (OTS) released its first report reviewing Inheritance Tax (IHT). Ben Taylor, solicitor at Roythornes Solicitors, shares his initial thoughts on the report and what it could mean for 2019. Despite less than 5% of UK estates being subjected to inheritance tax, […]
One in four of us may need long term care or support during our life but few of us like to think about it until it happens. People often have to make quick and difficult decisions about their own or a loved one’s care needs - encouraging clients to think about the options in advance […]
Below, Andrew Wilkinson, will dispute specialist at Shakespeare Martineau, comments for Lawyer Monthly on the Government’s move to increase probate fees. The Government is giving with one hand and taking away with the other. Described as a ‘stealth death tax’ this has come about because the court system is underfunded and while increased investment should […]
The collapse of Universal Wealth Management last week has caused a stir among the general public but for those working within the legal profession it was more a question of when, not if, the firm would fold. Elizabeth Young, partner at Roythornes Solicitors, shares the lessons to be learnt from the scandal. Universal Wealth Management […]
Businesses that fail to re-enrol certain workers into the workplace pension scheme every three years could end up being fined by The Pensions Regulator (TPR). Workplace pensions are arranged by employers, who pay a percentage of a worker’s salary into a pension scheme each month – helping them save for retirement. Auto enrolment, which makes […]
Martin Beames, Solicitor and Partner at ODT Solicitors, stresses the importance of preparing a living will. He says: “My advice would always be to seek professional legal help with drafting something as important as an advance decision. It is your decision, very personal to you. Don’t take a chance and try to draft it yourself. […]
A recent decision of the High Court has seen the claims advanced by a widow against her late husband's estate, dismissed some 28 years after his death. Below, will disputes expert at Irwin Mitchell Private Wealth, Sarah Smith discusses the case. Mr Kashinath Bhusate died intestate on 28 April 1990. A year later his third […]
At companies and institutions around the world, pensions are collapsing and vulnerable consumers are paying the price. Lloyds Banking Group, for example, is in the midst of a multi-million dollar lawsuit that alleges that women received fewer benefits than their male counterparts. At the same time, Future Income Payments, a private pension fund based in […]
Gifts in Wills are a vital source of income for many charitable organisations. Many rely on this income to sustain the provision of their services for often the most vulnerable in our society. According to 'Legacy Trends 2018' published by Smee & Ford, charity legacy income reached a record high of £2.8bn in 2017, up […]
Quarrelling Family Receive Judgment Fifteen Years After Father’s Death Litigation experts at top law firm Irwin Mitchell Private Wealth are highlighting how written partnership agreements are vital for farming businesses in order to avoid complex will disputes. In the latest farming dispute to emerge from the courts, a judge has ruled that a £1.65 million […]
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