Free webinar: How do blended families inherit?
On Wednesday 27th March at 1pm, join Kings Court Trust for an overview of how blended families inherit. What is a blended family? A blended family is formed when two people come together and bring their children from previous relationships. It’s important to understand how such family dynamics could impact the estate administration process. Technical […]
‘The Conservative Party are concerned with bad press’ : Law industry reacts to Chancellor’s Spring Budget 2024
The Legal Sector has reacted to Chancellor Jeremy Hunt’s Spring Budget rollout for this year, with comments showing very much a mixed bag of opinions. The lack of change to inheritance tax came as a surprise to many, after the Wills and Probate sector have publicly speculated on potential changes, or even scrapping the tax […]
International Women’s Day: Profession urges continued efforts to retain women solicitors
The Law Society of England and Wales is encouraging the profession to continue to improve the progression and retention of women to senior levels, as it marks International Women’s Day. Data from the Solicitors Regulation Authority (SRA) shows that the proportion of women in law firms has risen from 48% in 2015 to 53% in […]
Spring Budget: Chancellor delivers surprises with tax cuts, yet IHT remains unmentioned
In a widely anticipated Spring Budget presentation on Wednesday, Chancellor Jeremy Hunt left industry experts and the public intrigued as he steered clear of any mention of inheritance tax (IHT). Despite prior speculations suggesting that the elimination of IHT might be a “strategic move” for the Chancellor, it was notably absent from the budget discourse. […]
Spring Budget £5K UK ISA could bring new wave of clients with an interest in saving as government hopes to entice investors and higher tax-free allowance for savers
The government hopes to entice new investors with a ‘culture of investment in the country’s vibrant markets’ after the Chancellor’s Budget rollout announced the new £5,000 UK ISA. This could potentially mean a new wave of clients interested in individual saving accounts after the enticing increase in allowance was introduced. Where the new ISA differentiates […]
Grandfather’s will favouring children over grandchildren upheld by court
A High Court judge has ruled in favour of a grandfather’s decision to leave the bulk of his £500,000 estate to his children rather than his grandchildren, amidst a family dispute. The late Frederick Ward Snr, who passed away in 2020, allocated nearly all of his assets, including a flat valued at £450,000, to his […]
Taylor Rose MW parent AIIC Group named ‘fastest-growing’ UK legal services firm in Europe
AIIC Group (“AIIC”), the holding company behind leading independent law firm Taylor Rose MW, has been named as the fastest growing legal and accounting services in Europe, according to the prestigious FT 1000 list of Europe’s fastest-growing companies by the Financial Times (“FT”) – the second consecutive year it has appeared in the rankings. The […]
Key pushes for equity release tax simplification to boost first-time buyer market
Key Later Life Finance, equity release advisor, highlights the significant downturn in first-time home purchases, with figures dropping to a decade low of approximately 290,000 in the last year, a 21% decline from 2022 – further underscoring the potential of equity release from older generations to aid first-time buyers in securing deposit. 2023, equity release […]
White, heterosexual staff still come out on top when it comes pay gap in the UK Legal Sector, findings show
The Law Society of England and Wales has published its pay gap report for 2023 and has shown median pay gaps in favour of white and male staff within the sector. The Law society, in a bid to ‘provide greater transparency’, has published disability, ethnicity, gender, sexual orientation /identity and trans identity pay gap figures […]
Diary of a private client practitioner: 8th March 2024
As I was trying to save face, and not fall into a sweaty mess on the floor this morning during my morning spin class, I received some unexpected inspection from the instruction. Sometimes life throws you a curveball… This is what 2023 felt like to me… so time to rethink and regroup. 2024 really feels […]
