Archive for 'Estate Administration'

New tax perks for ISA savers

 

Rick Bunch

By Rick Bunch, Associate

Millions of married ISA savers received a long overdue boost following George Osborne’s abolishment of the death taxes on these popular accounts. Previously, when an ISA holder died, their tax-free benefits ended and the surviving spouse had to pay tax on any money held in the account.

Now, when a married ISA holder dies, the tax-free status of their account passes onto the surviving spouse which ...

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Protect their deposit to protect your property

 

Sharon Nuttall_DSC0723

 

 

 

By Sharon Nuttall, Solicitor

Although landlords have been required to protect tenant’s deposits for several years now, many are still making costly mistakes which can be easily avoided. Not protecting a tenant’s deposit and serving the prescribed information in a timely manner can cost landlords the deposit and up to three times its value in compensation.

30 days
That’s the amount of time you have after receiving a deposit to put it into ...

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Think your divorce is settled, you might have to think again

 

Michelle Simpson

By Michelle Simpson, Associate

Mr and Mrs Mann separated in 1997 but they are still wrangling over their financial settlement today.

After separating, a financial agreement was made in 1999 with Mrs Mann keeping the £1.8 million family home as well as receiving substantial maintenance payments. Mrs Mann then applied to the courts to change the original terms so she could receive a one-off lump sum. The court awarded her £1.3 million as ...

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Judges criticise warring exes

 

Michelle Simpson

By Michelle Simpson, Associate

There have been two cases recently where the judge has criticised warring parents.

In the first one, the judge told the father that he should stop his “snide remarks” about his ex’s new partner. The mother and her new partner were also criticised by the judge for having been so wrapped up in their new relationship that they could not envisage a role for the child’s father and ...

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Could rights for unmarried couples be extended?

 

Michelle Simpson

By Michelle Simpson, Associate

Despite public campaigns about the limited rights people who live together have there is still a misconception that because you have lived with someone for many years you are a “common law spouse” and will be treated the same as if you were married.

People who live together and are not married have very few automatic rights against each other if their relationship breaks down.

If you are married you ...

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Divorcing couple row over Tiger charity

 

Michelle Simpson

By Michelle Simpson, Associate

A tiger conservationist and her former banker husband have been involved in an expensive court battle arguing over claims that money belonging to the charity they set up to save the Chinese Tiger was in fact used to pay for the couple’s personal lifestyle.

The wife claimed that the multi-million trust fund set up to save the tigers was also meant to provide financial security for the couple over ...

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Children need both parents after separation

 

Michelle Simpson

By Michelle Simpson, Associate

A new law has come into force which reinforces the belief that children need a relationship with both parents after they have separated. Section 11 of the Children and Families Act 2014 will apply to all cases submitted to the family courts after 22nd October.

This law is not intended to give parents new rights or divide a child’s time 50/50 between parents and the court still has to ...

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It’s not too early to be thinking about Christmas

 

Michelle Simpson

By Michelle Simpson, Associate

The children are back at school and Halloween and Bonfire Night are still a while off however if you’re separated or divorced it’s not too soon to be thinking about arrangements for your children over the Christmas period.

This can be a difficult time for parents and children, particularly if it’s the first Christmas after you’ve separated.

It’s likely that each of you will want to spend time with ...

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I’ve been treated badly so surely I deserve more in the divorce

 

Michelle Simpson

By Michelle Simpson, Associate

After the story of the Bafta-winning camera man who forged his wife’s signature to take £59,000 out of their joint mortgage so he could allegedly buy expensive camera equipment before he divorced her, do you think bad beviour should affect what a person gets in their divorce settlement?

There is a commonly held view that if someone behaves badly in the marriage then they will automatically be punished in ...

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Put your property in safe hands

 

Gail Carberry_DSC0463

By Gail Carberry, Solicitor

Buying or selling your house shouldn’t be difficult but often it’s something we dread due to our own bad experiences or horror stories from friends and family. For most people, this will be the largest single investment they make so it’s important that the solicitor you instruct knows what they are doing.

Gail says “I’ve moved house too so I know even the simplest parts of it can ...

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