The advanced planning series: estate planning for corporate clients
Introducing CTT Group’s new courses for those of you with High Net Worth Clients, including corporate and individuals with complex affairs. Spread over five monthly sessions, we will be covering the following: Estate planning for corporate clients Planning for clients with buy-to-let properties Planning for clients with an IHT liability (two sessions) Family investment companies […]
Practitioners “snowed under” ahead of TRS deadline
The deadline for the vast majority of express trusts to be registered with HM Revenue & Customs’ (HMRC) Trust Registration Service (TRS) is now just six days away – and a lot of questions are still to be answered. It was recently reported that 211,000 trusts have now been registered with HMRC – 62,000 of […]
Funeral plans: the state of affairs
Under regulations in effect from 29th July 2022, the Financial Conduct Authority (FCA) has authorised 26 pre-paid funeral plan providers – making up c. 87% of the market – to sell new plans to consumers. As for unregulated firms that applied before 1st March 2022 but were not authorised, they have until 31st October 2022 […]
98% of people believe will writing industry should be regulated
A recent social media survey conducted by SFE (Solicitors for the Elderly) has revealed that 98% of people believe the will writing industry should be regulated. According to the Legal Services Board (LSB), unregulated firms cater for 9% of the total market for individuals’ legal needs and up to 39% for small businesses. Will writing […]
Probate practitioner fined for “clear case of manifest incompetence”
Peter Mark Arnstein has been fined £16,000 for a “clear case of manifest incompetence” in his failure to handle three probate matters between 2010 and 2018. The charges relate to his time as the Sole Practitioner and Compliance Officer at Forman Welch and Bellamys, formerly Bellamys. Arnstein failed to progress probate matters resulting in lasting […]
Awards shortlist to be revealed soon…
The shortlist for The British Wills and Probate Awards, sponsored by Property Solutions Group, will be revealed exclusively through Today’s Wills and Probate w/c 5th September 2022. Categories will be revealed daily throughout the week will the full list published in the Today’s Wills and Probate Friday newsletter on 9th September. If you’re not already subscribed, please […]
Inheritance tax receipts climb again in July
Figures released by HM Revenue & Customs have revealed that inheritance tax (IHT) receipts between April and July this year were £2.4 billion, with £600 million collected in July alone. The figure of £2.4 billion is £300 million higher than in the same period last year. This comes as overall receipts for the year leading […]