Newsflash! Changes to IHT for gifts made to charity
For some time it has been well known that any gifts to registered charities are free from inheritance tax if they are made to a UK based charity, whether made during your lifetime or in your will. It is also known that if the testator leaves 10% of their net estate to charity, the rate […]
CILEX calls for more opportunities to diversify access to the legal profession
Legal regulators are not doing enough to open up the flexible pathways into a legal career that are needed to improve diversity in the sector, the Chartered Institute of Legal Executives (CILEX) says. The comments were made in response to the Legal Services Board’s (LSB) consultation on its draft policy statement on encouraging a diverse […]
Tickets on sale for ‘unconference’ TWP Festival 2.0
Tickets for TWP Festival 2.0 are now on sale, as the event formally launches today. Following the success of the inaugural year, TWP Festival 2.0 takes its ‘unconference’ vibe to Digbeth in Birmingham, where the key themes for the day’s discussions will be technology and modernisation, business and planning and the law. TWP Festival was […]
SRA formally censured for failures over SSB Group
The Solicitors Regulation Authority (SRA) has been formally censured by the Legal Services Board (LSB) over its failure to protect consumers affected by the failure of SSB Group. The LSB’s report into the SRA’s handling of SSB Group identified “prolonged delays in identifying and responding to clear warning signs” at the firm, with the decision […]
Cost, complacency and family concerns ‘the reasons people don’t write their will’
Cost, complacency and concerns about family disputes are amongst the leading reasons why people put off writing their will, according to research published this week. The result is an “inheritance timebomb,” the Association of Lifetime Lawyers (ALL) warns. The membership body for lawyers who support older people and those in vulnerable circumstances said their research […]
Crypto assets being concealed, lawyers warn
Family lawyers are reporting a rise in cryptocurrency assets featuring in divorce proceedings and how, in some cases, these assets have been concealed by spouses. Digital assets, including cryptocurrency, are a growing part of many financial portfolios. They have also become one of the most complex and contentious elements of modern financial settlements which, if […]
Government commits £126m to kinship care pilot across seven local authority areas
The Department for Education (DfE) has committed £126 million to fund a pilot financial allowance for kinship carers across seven designated local authority areas in England. The department hopes the scheme will reach around 5,000 children over a programme lasting up to three and a half years. An estimated 130,000 children currently live in kinship […]