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Stephanie Brobbey
 

Three important legal and financial steps you need to take before having a family

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This article first appeared in Talented Ladies Club . Planning to start a family? Here are three important legal and financial steps you need to take first. (If you already have a family there’s still time to get started on them.) Naturally, as...

Trust Registration Service - an overview

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HMRC’s new online Trusts Registration Service (TRS) was launched in July 2017. This new online facility was introduced partly to implement new regulations relating to the UK’s anti-money laundering and counter-terrorist financing regime, and...

The dangers of DIY wills

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Contemplating mortality and planning ahead for death is not appealing to most people. There is often a deep-seated fear or unease which surrounds the act of preparing a will and getting one’s affairs in order. It’s no wonder, therefore, that...

Are 'deputies' the new guardians of private wealth?

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When it comes to controversy in the private client world, Lasting Powers of Attorney (LPAs) are not generally among the usual suspects. So when retired Court of Protection Senior Judge Denzil Lush vowed on BBC Radio Four’s Today Programme last month...

The Budget 2016: five key changes affecting private client

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On 16 th March 2016, George Osborne announced his Budget to Parliament. Among the raft of measures introduced are a number of significant developments relevant to taxation and broader private client issues. In this article we have highlighted five of...

Last chance saloon? Pension planning opportunities and pitfalls; action needed before 5th April 2016

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There are significant changes happening to pensions, again, from April 2016. These changes include restrictions on future contributions and tax relief and a limit on how much you can save into pensions without a future tax charge. This article...

Intestacy and Family Provision Claims on Death: Update

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Following a six-year project by the Law Commission, the Inheritance and Trustees’ Powers Act 2014 (“the Act”) received Royal Assent in May 2014 and came into force on 1 October. The Act brings changes to the law of inheritance, in...

LPAs: Online-only Registration Postponed

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In a move likely to be welcomed by the legal profession, the Government has decided to postpone the implementation of a fully online system for the registration of Lasting Powers of Attorney (“LPAs”) at the Office of the Guardian...

Autumn Statement Preview: Osborne's Plan to Tax Foreign Property Owners

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It is reported that George Osborne is considering imposing capital gains tax (“CGT”) on foreign property owners in an attempt to curb soaring house prices in and around the capital. The new development would follow on from a series of changes...

Inheritance and Trustees' Powers Bill - Changes to the Intestacy Rules

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The Inheritance and Trustees’ Powers Bill (“the Bill”) is currently working its way through the House of Lords, with a second committee stage reading due to take place on 22 October. The Bill proposes a wide range of amendments to a number...

New Inheritance Tax Rules for Non-UK Domiciled Spouses

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Current Law Inheritance Tax (“IHT”) charges are determined by an individual’s domicile. Any transfers made between married couples and civil partners on death, are fully exempt from IHT...

Inheritance Tax Update

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The Treasury have announced, contrary to previous Budget statements, that the Nil Rate Band of £325,000 (the current amount of an estate that can be inherited tax free) is to remain the same until 2019 and not increase in line with inflation. It has...

Gifts out of Surplus Income

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Most people will know that they are entitled to give £3,000 in any one year (or £6,000 if they have not made a gift in the previous year) without there being any inheritance tax implications. If you make gifts over this amount and you die...