Navigate the evolving landscape of digital assets and cryptoassets with practical guidance tailored for private client legal specialists. Understand the intricacies of asset management, estate planning, and regulatory compliance in this dynamic sector. Equip yourself with the latest insights to confidently advise clients on safeguarding digital wealth and navigating complex legal frameworks. Enhance your expertise to address the unique challenges posed by these modern assets, ensuring comprehensive and forward-thinking client solutions.
Private Client analysis: The Court of Appeal held that, where there is reason to doubt the capacity of a person whose care and support needs are being...
Private Client analysis: The court held that the deceased did not know and approve the effect of the life interest trust contained in his 2022 Will....
Private Client analysis: A corporate settlor may be secondarily liable for an inheritance tax (IHT) periodic charge under section 201(1)(d) of the...
Tax analysis: In Sir John Griffin v HMRC, the First-tier Tax Tribunal (FTT) held that the taxpayer’s Irish domicile of origin had been replaced by...
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
ProtectorsWhat is a protector?A protector is a person who holds powers under a trust but who is not a trustee. A protector is a person who is...
Preparing the application form PA1P/PA1A for probate or letters of administrationFORTHCOMING CHANGE: The postal application forms PA1P and PA1A for...
Administration actions—personal representatives and the deceased's liabilitiesAn individual may assume obligations, for example in respect of...
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
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