Mutual will or mirror will?
Most people will be familiar with the concept of a “mirror Will”. These are commonly made by couples who want to make sure their wishes in the event of their death “mirror” each other. Mirror Wills are useful to ensure that on the death of the first person in a couple, assets pass to the […]
Helping clients “unlock” value in estates
Inheritance tax data released by HMRC last month showed that the government received a record £4.6bn for the period between April to December 2021, a £600m increase on the same period a year earlier. This significant rise is driven largely by surging property values which saw a rise of 10.8% during 2021, according to ONS. […]
How Tower Street Finance can help with locked estates
We recently helped out Meadows Ryan solicitors in Weybridge with a case where an estate was locked because the IHT liability could not be paid and professional fees were racking up. The estate of the deceased was worth around £800k including properties, life cover policies and cash. Just before he passed away, a new will […]
Title Research virtual seminar: administering an intestate estate
Join Title Research for their upcoming virtual seminar on Wednesday 30th March at 12pm. Business Development Manager James Cameron and Technical Manager Simon Barber will be your hosts for this seminar. The duo will discuss how best to approach intestate estates, the risks and costs, and the process of resolving intestacies whilst managing client expectations. […]
SRA launches health and wellbeing consultation
The Solicitors Regulation Authority (SRA) is consulting on proposed changes to its rules that would reinforce its powers to deal with risks to clients and the public when these stem from a poor work culture in law firms. The proposals also seek to clarify the SRA’s approach to situations where a solicitor’s health issues affect […]
