Inter-generational Wealth Transfers
Kings Court Trust’s Chief Revenue Officer, David Masterton, writes about intergenerational wealth transfers. Between 2017 and 2047, £5.5 trillion is expected to pass from generation to generation, which makes intergenerational wealth transfers one of the biggest threats and opportunities facing the financial services industry. If Financial Advisers do not act, they are at risk of […]
Final category spotlight: Solicitor and Will Writing Firms of the Year
The British Wills and Probate Awards are taking centre stage once again this October, and we are excited to shine a spotlight on some of the returning categories for this year’s awards. Alongside our headline sponsor, Executor Solutions and Champagne Sponsor, Exizent, we look forward to recognising achievements, highlighting progression and championing innovation. This week […]
Inherited wealth set to impact social mobility
“A son can bear with equanimity the loss of his father, but the loss of his inheritance may drive him to despair” – Niccolo Machiavelli It’s been talked about for a number of years now about the impact inherited wealth will have on millennials and the younger generations as time progresses. But now, as we’re […]
Oxfordshire Council awarded land gifted by Robert Fleming for school use by UK Supreme Court
In a landmark ruling, the UK Supreme Court has awarded Oxfordshire Council private land, which was left to the Parish of Nettlebed in the early 20th Century to be used as a school. This ruling was made despite the council closing the school over a decade ago. Under s.2 of the Schools Sites Act 1841 […]
Secret trust not made rules Court
The England and Wales High Court (EWHC) ruled that the late owner of a valuable collection of jewellery did not create a secret trust, in which her niece would inherit the pieces, despite the deceased expressing wishes to that effect (Titcombe v Ison, unreported, ChD, 28 January 2021). Upon her death, the deceased – Ms […]
Want of knowledge
Written by Olivia Jack is a Solicitor in the firm’s Contentious Trusts and Probate team at Forbes Solicitors Background One of the requirements for a valid Will is that the testator/testatrix knew, understood and approved its contents. Due execution of a Will, which on the face of it appears to be rational and fair, raises […]
Contentious Probate Claims – a working case example
Ally Tow, a Senior Associate at Boyes Turner explores some of the challenges and obstacles that litigators dealing with contentious probate claims face by looking at an example of a case she was involved in a few years ago where the estranged daughter of a testator made a claim under the Inheritance (Provision for Family […]
Superhero Webinar 77: Estate Planning for Corporate Clients
Many Advisors hesitate when it comes to dealing with corporate clients, worried that their estate planning knowledge will let them down, but this means missing out on many opportunities. Estate planning for clients with businesses when done correctly can reap significant rewards for both the client and the practitioner. Our next Superhero Webinar will further […]
Inheritance will make up 16% of lifetime income for those born in the 80s
People born in the 1980s can expect inheritance windfalls to represent 16 per cent of their lifetime income – that’s double the figure for those born in the 1960s (9 per cent). The findings from the Institute for Fiscal Studies (IFS) suggests that people’s future wealth will rely on their parents’ assets rather than what […]
Michael Collins Apollo 11 astronaut passes away
The news broke on Wednesday that Michael Collins, part of the Apollo 11 mission which saw man walk on the moon for the first time, lost his battle with cancer and passed away surrounded by his family. Mr Collins, aged 90, stayed in lunar orbit whilst fellow astronauts Neil Armstrong and Buzz Aldrin walked on […]
Daughter wins legal battle to administer mother’s estate
A daughter has been given permission to administer her mother’s estate after a legal battle with a professional executor ended with the High Court refusing their application to appeal. Leading national law firm Irwin Mitchell was instructed by the client in relation to her mother’s estate, who wrote a will in 2011 and passed away […]
Join SFE for their insightful upcoming webinars
Over the next few months, SFE are covering an important range of topics in older client law in their upcoming online webinars, including tax updates, advice for probate practitioners and welfare benefits for the older client. Iris Wϋnschmann-Lyall will provide a tax update for the older client advisor as well as a summary of the […]
Cars confirmed for Silverstone Auctions May Sale 2021
• 2018 Ford GT with just 1,000 miles • Stunning 1965 Alfa Romeo 1900 ATL Sport Coupe • An original, right-hand drive 1967 Aston Martin DB6 Mk1 Volante to Vantage Specification • 1999 Subaru 22B-STi Type UK – one of just 16 The May Sale will showcase a variety of exceptional modern cars and iconic […]
UK’s #1 Legal Case Management Software Secures Historic Investment
Legal management software provider Clio has marked a historic moment in the growth of legal technology by becoming the first legal practice management unicorn globally. On Tuesday 27 April at 2pm, Clio, the UK’s leading case management software provider, announced a new valuation of US$1.6 billion following the raising of a US$110 million investment in […]
Daughters lose court battle over £7m fortune
Two daughters have lost a court battle which pitted them against their step-mother after being cut out of their father’s inheritance when he died. Tony Shearer was referred to as “The Chequebook” by his daughters Juliet Miles and Lauretta Shearer. Mr Shearer sadly passed away in 2017, with almost all of his fortune being left […]
Regulators must set quality standards in the public interest
It is in the public interest for regulators to set standards, rather than leave it to consumers to work out the quality of a solicitor or law firm said the Law Society of England and Wales in its response to the Legal Services Board’s (LSB) Quality Indicators discussion paper. The LSB is seeking views on […]
Probate admin causing headache for the bereaved
A cousin who passed away without leaving a Will has caused a probate administration headache for grieving loved ones despite applying to the High Court for Letters of Administration. The 59-year-old who had never married, or had any siblings or children died suddenly in July 2020, and lived all of his life at the same address […]
Intelliworks supports My Estate Planner
Having personally experienced the painful journey of handling the financial affairs relating to his late father’s estate, and having seen another close family member and mentor pass away and witnessing the anguish of his widow relating to the probate work, Jonathon Amponsah decided to make a bold move and become an accredited estate planner and […]
Compliance for Law Firms – With WillSuite
Compliance for law firms is an incredibly important topic and one that WillSuite takes extremely seriously. There are several tools built into the platform geared towards the protection of the firm, the clients. Designed to enable the law firms to meet their regulatory obligations. Protection of client data: WillSuite exclusively stores client data in the […]
Have your say in the 2021 Legal Aid Census
The Legal Aid census has been launched and the Legal Aid Practitioners Group is urging lawyers in England and Wales to have their say, and help inform the Legal Aid workforce of the future. The census takes the form of a survey, the responses to which will provide critical data for sustaining the legal aid […]
