Why having a professional Executor is beneficial
By Charlotte, Legal Services Director at Kings Court Trust 9 August 2024 When considering the role of an Executor, many people underestimate the complexity and responsibilities involved in administering an estate. This oversight can lead to significant financial and emotional burdens, as illustrated in the below case study. An Executor reached out to Kings Court […]
Summer issue of Entitlement from Title Research
The summer 2024 edition of Title Research’s news digest, Entitlement, is now available and features the following articles: Private Clients: Post-election outcomes by Sarah Bolt, Senior Associate, from Irwin Mitchell LLP. She discusses what private clients can expect with the election outcome and our new government. While some tax reforms may not materialise, or look […]
How does gifting work? The Inheritance Tax edition
By Charlotte, Legal Services Director at Kings Court Trust 1 August 2024 If you missed our social media gifting series from June and July, we’ve consolidated all our posts and are taking the opportunity to delve deeper into the nuances of Inheritance Tax (IHT) and gifting. This blog aims to provide you with a comprehensive […]
High court grants family leave to appeal in landmark deathbed gift case
The England and Wales High Court (EWHC) has permitted the family of the late Al-Hasib Al Mahmood to appeal its decision in the significant deathbed gift case, Rahman v Hassan (2024 EWHC 1290 Ch), as reported by STEP. Masudur Rahman, the claimant, asserted that his 82-year-old friend, Al-Hasib Al Mahmood, transferred all his UK assets […]
Nephew jailed for stealing £600k from elderly aunt to fund lavish lifestyle
David Eggleton, 71, has been sentenced to five years and six months in prison for stealing £600,000 from his 93-year-old aunt to fund a luxurious lifestyle, Swindon Crown Court heard. Eggleton, who had been granted power of attorney for Lilian Eggleton, transferred substantial amounts of money from her account to his own. He used the […]
UK government outlines replacement for non-dom tax regime with new foreign income and gains system
The UK government has unveiled partial details of its plan to replace the resident non-domicile (non-dom) tax regime with a four-year Foreign Income and Gains (FIG) system, effective from April 2025, as reported by STEP. Since the March 2024 announcement by the previous administration, non-doms have been aware that the remittance basis and the domicile […]
East London law firm fined over £12,000 for anti-money laundering violations
An east London law firm, Symons Gay & Leland LLP, has been fined £12,636 for violating anti-money laundering regulations, as reported by The Law Society Gazette. The breaches occurred between June 2017 and July 2023, during which the Romford-based practice failed to meet the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds […]
Normalising charity legacies and leaving gifts in wills
Behaviour change campaign Remember a Charity is a consortium of around 200 charities dedicated to growing the legacy market; helping charities develop what is an increasingly vital long term revenue stream. In the latest Today’s Wills and Probate Podcast, host David Opie is joined by Lucinda Frostick, Director at Remember a Charity and Chris Millward […]
