5 Red Flags That Get Your Inheritance Tax Return Escalated
HMRC operates a two-tier system for reviewing inheritance tax returns. Initial assessment falls to trained caseworkers who follow detailed internal guidance when examining submitted valuations. If these officers spot potential issues, the file escalates to the specialist Shares and Assets Valuation team. When it comes to personal possessions and household chattels, many of these escalations […]
Professional body welcomes plan to reform the Wills Act
Proposals to reform the Wills Act are long overdue and should be welcomed, the Society of Trust and Estate Practitioners (STEP) has said. Last month the Law Commission published a list of 31 recommendations for reforms to the Wills Act 1837. These cover issues linked to how wills are made, who can make a will […]
New podcast: Topical Talks with Heledd Wyn on vulnerable clients
We are back with a new episode of ‘Topical Talks with Title Research’. This episode features Heledd Wyn from Rothley Law Limited. Title Research’s Legal Services Director, Charlotte Toogood, and Head of Business, Anthony Allsopp, join her to discuss vulnerable clients, including: The STEP report from November 2023; Roles and responsibilities of private client practitioners; […]
Addressing the issue of unknown assets
As a leading legal technology provider, we develop innovative solutions which help private client professionals improve efficiency and reduce risk – particularly when it comes to identifying assets within an estate. Our Financial Profile Service is a comprehensive asset and liability search ordered through a free, secure online portal. We contact more than 150 organisations, […]
Marketeers ‘present’ but not ‘leading’ law firm business development strategy
Law firms continue to invest in marketing and business development activity, but the evidence suggests only one in five firms involve their marketing teams in actively driving the strategic growth of the organisation. An overall increase in the numbers of staff involved in marketing and business development is heavily weighted toward larger firms, and growth among […]