Articles
Notes on succession law for clients and advisers
Articles on topical estate and business planning issues facing clients and how to navigate them.
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Blended families – why updating your will is crucial
Read the article: Blended families – why updating your will is crucialBlended families are more common than ever, and with that comes a host of new considerations when it comes to inheritance. A recent article in the Telegraph highlighted a cautionary tale: a woman believed her mother’s property abroad was meant to pass to her and her brother, only to discover that, legally, everything went to…
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Why are Discretionary Trusts so popular?
Read the article: Why are Discretionary Trusts so popular?Discretionary trusts are the most popular type of lifetime trust. The popularity of this type of trust is largely due to its flexibility, but it also offers professional advisers and their clients greater options when tax planning. The Flexibility A Discretionary Trust gives its Trustees the power to decide which beneficiaries receive income or capital…
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Understanding Trusts: Key Types and Benefits
Read the article: Understanding Trusts: Key Types and BenefitsWhat is a trust? There is no legal definition of ‘trust’. A trust is not a legal person but, rather, a relationship. The people involved with the trust are known as the following: The settlor provides the property for the trust (known as ‘settling’ property into trust). The trustees then hold the settled property in…
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Understanding Lasting Power of Attorney (LPA)
Read the article: Understanding Lasting Power of Attorney (LPA)A lasting power of attorney (LPA) lets someone you trust make decisions on your behalf if you’re ever unable to. Here’s how the two types of LPA work, and what to consider when choosing your attorneys
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Protect Your Loved Ones: Update Your Will After Remarriage
Read the article: Protect Your Loved Ones: Update Your Will After RemarriageMarriage automatically revokes an existing will under UK law — as one family recently discovered when a remarriage left three sons with a fraction of the £100,000 each they expected to inherit. Here’s what remarrying (or getting engaged) means for your will, and the steps to take to protect your loved ones
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Appointing guardians in your Will
Read the article: Appointing guardians in your WillParents appointing guardians in their wills often ask how the guardians will cope with the financial aspect of bringing up their children. There is no one single answer to this issue as it depends on the specific circumstances of each particular case. However, I’ve set out below some of the ways that this problem can…
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