This week’s post aims to give readers a refresher on Business Property Relief (BPR). It should be noticed that BPR is a large and complex area of tax, so what follows is only a brief overview of the area.
When writing a will it’s important that you get your wishes down for who should be appointed as executors, trustees or guardians and how your estate should be distributed in a binding fashion.
It is a well-established principle of law that all non-charitable English trusts must have a beneficiary to enforce the trust and hold the trustee to his obligations.
The death of a loved can be a difficult time for those left behind, and it’s at this time that the grieving family will often be expected to arrange a funeral.
In the majority of cases where a beneficiary dies before a testator and there is no substitute beneficiary named then the gift is invalid and fails.
Undue influence is the act of applying pressure on a person to coerce them, essentially overpowering the individual’s own will.
The High Court have ruled in the case of Whittaker v Hancock [2018] EWHC 3478 (Ch) that an attorney who was acting under a property and financial affairs LPA could step in to replace a donor who had lost capacity as a personal representative.
Spouses and civil partners are afforded certain benefits when it comes to succession law; benefiting from favourable inheritance rights on intestacy and quite generous inheritance tax exemptions.
The Society of Will Writers is a non-profit making self-regulatory organisation whose primary objectives are the advancement, education and ethical standards within the will writing profession.
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