Silence is golden or so they say. This isn’t true however, if you are tasked with taking instructions for the preparation of will. A recent judgment from the Court of Appeal outlines the correct application of ‘the Golden rule’ in cases where testamentary capacity is challenged.
It is not uncommon for someone to provide for the needs of another person. There are many situations where someone will assume responsibility for another person, such as:-
Business property relief (BPR) is a relief from inheritance tax (IHT) at either 50% or 100% on trading business interests or assets owned by the person claiming the relief. This relief applies to business property either transferred during a person’s lifetime, or on their death, providing they have owned them for the preceding two years.
A recent appeal case has held that there is no continuing duty on professional advisors to correct previous acts of negligence. Where a professional fails to correct previous mistakes, this does not give rise to a fresh cause of action every day after the mistake has been made.
When people think about divorce they think about a difficult, acrimonious process and a painful division of assets, all too often with the attitude that if only the other person would be reasonable everything would be straightforward.
A taxpayer successfully appealed his follower and accelerated payment notices in the Court of Appeal decision (Haworth, R (On the Application Of) v Revenue and Customs)
The Financial Ombudsman Service (FOS) decides on financial services disputes by considering what is fair and reasonable in all the circumstances of the case, rather than based on the letter of the law.
The Court of Appeal case of Murphy v Gooch (2007) declared that a co-owner is entitled to credit for occupational rent from the other co-owner even where payments have been made by one of the co-owners to the mortgage.
This year’s theme for International Women’s Day, #balanceforbetter is focused on raising awareness that a balanced world is a better world.
In a recently unreported Inheritance Act 197 claim, His Honour Judge Gosnell sitting at Leeds County Court made the unusual decision to give an award specifically to part-pay a claimant’s success fee.