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Top 5 things to know about wills

by H4r0ld83nj4m1n@ | Oct 20, 2023 | Private Clients, Wills, Trusts and Probate

Making a will is one of the most important decisions you can make to safeguard the future. A will ensures your legacy is managed as intended and provides peace of mind to both you and your loved ones. Our Private Client team have outlined 5 key points to consider. 1....

Conditional Exemption for Heritage Property: what is it and how does it work?

by H4r0ld83nj4m1n@ | Sep 29, 2022 | Estate Planning, Fine Art, Wills, Trusts and Probate

The Conditional Exemption Tax Incentive Scheme provides an opportunity to defer payment of Inheritance Tax or Capital Gains Tax when an item of pre-eminent importance is passed to a new owner either by gift or by inheritance. Pre-eminent? There are six qualifying...

Lost the will, find a way!

by H4r0ld83nj4m1n@ | Aug 31, 2022 | Estate Planning, Wills, Trusts and Probate

It is very easy to misplace a document, not least something as important as a will. If you are dealing with the affairs of someone who has passed away, you will naturally be concerned to look for the will to understand what that person’s last wishes were. Here is some...

Is your art in the right place?

by H4r0ld83nj4m1n@ | May 5, 2022 | Fine Art, Wills, Trusts and Probate

For some wealthy individuals a great deal of their income is spent on art or other luxury assets. Levels of spending can be such that significant proportions of their wealth are represented by their collectibles. As a solicitor advising individuals and trustees who...

Inheritance Tax and the Acceptance-in-Lieu Scheme: What is it and how does it work?

by H4r0ld83nj4m1n@ | Apr 26, 2022 | Estate Planning, Fine Art, Wills, Trusts and Probate

As a general rule assets of a deceased over the value of the nil rate band (currently £325,000) are chargeable at 40% inheritance tax The Acceptance-in- Lieu scheme (“AIL”) Since 1910 the UK government has encouraged those administering estates, responsible for...

High Court Declares ‘Illiterate’ Business Tycoon’s £100 Million Will Invalid

by H4r0ld83nj4m1n@ | Mar 23, 2022 | Wills, Trusts and Probate

Your assets are your own and, when making your will, you have complete freedom to leave them to whomever you choose. As a case concerning a business tycoon’s £100 million estate showed, however, a will signed without the testator having knowledge and approval of...
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