About Private Client Law
When Private Clients ask questions, they expect answers - right away. But when you’re working across so many different areas of the subject day to day, it’s impossible to hold it all in your head. In addition finding the answer often means cross-referencing several different sources – from the latest legislation to the Law Society’s most up-to-date guidance.
Will Precedents
Precedents covering the most common scenarios in this area. Drafting notes accompany each clause - incorporating the latest developments like Will drafting considerations for inheritance tax residence nil rate band.
Court of Protection
Our Court of Protection topic covers both property and finance, and health and welfare Court of Protection applications. It’s geared at both the Court of Protection specialist practitioner and the occasional user.
Trust compliance
Topics include beneficial ownership transparency, the Money Laundering Regulations, the Trust Registration Service, obligations relating to data protection and GDPR and offences under the Bribery Act 2010.
Cross-referencing sources
When private clients ask questions, they expect answers quickly. But, working across lots of areas day to day, it’s impossible to hold it all in your head. We’ll help you cross-referencing several different sources.
Topics We Cover
Latest Private Client News
Tax analysis: In Holden, the UT held that amounts paid to members of a professional LLP under arrangements described as ‘capital interests’ were not...
Pensions analysis: HM Treasury (HMT) and the Financial Conduct Authority (FCA) confirmed the shape of the new targeted support regime—described as the...
This week’s edition of Private Client highlights includes: (1) Parr v Cheshire East Council, in which the Court of Protection (CoP) set out guidance...
This Q&A considers, if there is a gift of a property to three beneficiaries in a Will and between the three beneficiaries, they agree that one of the...
Tax analysis: In R (on the application of Peter Kadas), the High Court granted the claimant permission to pursue a judicial review against HMRC’s...
Latest Private Client Practice Notes
Private Client jurisdictional guide—Isle of ManTaxation regimeWhat factors determine tax liability in your jurisdiction (eg domicile, residence or...
Automatic exchange of information—outlineThe exchange of information between HMRC and tax authorities in other territories is an essential tool in...
Charity registration—procedural tableA charity must be registered with the Charity Commission if (a) its gross income is at least £5,000 per year or...
New IHT regime from 6 April 2025—FAQsFORTHCOMING CHANGES: At Budget 2025 on 26 November 2025, the government announced that it would make minor...
Court of Protection—tables of casesThese are tables of cases from the Court of Protection from the year 2025 onwards. They are organised by topic...
Latest Private Client Precedents
Will preparation checklistAction√DateWill questionnaire and Making a Will—client guide sent to client(s)Terms of business letter and other client care...
Will clause—specific gift of all Bitcoin held in Binance cryptocurrency exchangeI give free of tax to [[donee...
Will—legacy of business property on discretionary trust, residue to spouse absolutely, then to children absolutelyFORTHCOMING CHANGE: Potential...
Will—legacy of agricultural property on discretionary trust, residue to spouse absolutely, then to children absolutelyFORTHCOMING CHANGE: Potential...
Style for action for proving tenor of lost Will—ScotlandIN THE SHERIFFDOM OF [insert name of Sheriff Court]INITIAL WRITin causa[insert name of...
Latest Private Client Q&As
Featured Private Client content
Nature and classification of trusts—the three certainties
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
Protectors
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 administration
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 liabilities
Administration actions—personal representatives and the deceased's liabilitiesAn individual may assume obligations, for example in respect of...
Loan agreement—individuals
Loan agreement—individualsDATE:Parties1[[name] of [address] [and [name] of [address]] OR [name] and [name] both of [address]] (Lender[s])2[[name] of...
The Cy-près doctrine
The Cy-près doctrineFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and will be implemented on a...
Trustees—appointment of trustees
Trustees—appointment of trusteesOriginal trusteesTrustees will usually be appointed by the instrument that brings the trust into existence. The trust...
Death in service benefits
Death in service benefitsOverview of the types of death in service benefits and their tax treatmentThere are three types of death in service...
Assent of assets by personal representatives
Assent of assets by personal representativesPersonal representatives (PRs) can transfer assets to beneficiaries in any way that would also be...
A trust holds the beneficial ownership of shares in a company of which one trustee is a director. Of the three beneficiaries, two are adults and there is a declaration of trust in respect of the shares held for them. The other is a minor and there is a separate declaration of trust for him. What would or should happen to the company shares on the death of a beneficiary? Neither declaration of trust deals with this issue.
Intermeddling in an estate
Intermeddling in an estateWhat is intermeddling?An individual who performs certain duties which a personal representative (PR) would perform to...
Termination of trusts—methods of termination
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
Trusts as a vehicle for holding company shares
Trusts as a vehicle for holding company sharesIntroductionMany trusts own shares as part of a portfolio of investments. This Practice Note looks at...
Benevolent funds
Benevolent fundsFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and will be implemented on a staggered...
Creation of trusts—life insurance trusts
Creation of trusts—life insurance trustsDefining life insurance trustsA life insurance trust usually involves either:•an assignment of an insurance...
Lifetime gifts
Lifetime giftsA lifetime gift is a gratuitous transfer of ownership of any property between living persons and not made in expectation of death. In...
Source of income (and private client)
Source of income (and private client)When advising an individual on cross-border or offshore tax planning, it is important to establish the 'source'...
Liferent trusts—Scotland
Liferent trusts—ScotlandLiferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both,...
Associated legal terms
Agreement as to succession
An agreement that, with or without consideration, creates, modifies or terminates rights to the future estate or estates of one or more persons party to the agreement. This includes agreements resulting from mutual Wills. In some civil law jurisdictions with forced heirship provisions, it is possible to make succession agreements overriding these provisions (for example, in Germany).
Career average pension scheme
See: Salary-related occupational pension schemes.
Unfunded unapproved retirement benefit scheme (UURBS)
These include some of the most valuable pension schemes, for example, civil service, police and fire service pensions. The schemes are unfunded because it is not tax-effective to provide assets to support promises for pensions in respect of income in excess of £99,000 per year.
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