Many small law firms are thinking big when it comes to the tech they need to see them through another period of profound change. But the latest research from LexisNexis’ Bellwether report shows that 47% say they have no plans to invest in any technology at all. Today, LexisNexis Legal & Professional released the 10th […]Read More
Profits have risen by 28% to £5 million over the last year for Co-Op Legal Services in a year that also saw revenue rise 3% to £39 million. Co-op Legal Services was established in 2006 with the initial goal of providing legal services to all Co-op members. Since then, the company has increased its range of services and […]Read More
Following consultation on the future of post six-year run-off cover, the Solicitors Regulation Authority (SRA) has announced that it will seek a further 12-month extension to the Solicitors Indemnity Fund (SIF) – to September 2023 – to enable detailed consideration of key points raised in feedback. The consultation, which ran from November 2021 to January […]Read More
Leading national law firm Reeds Solicitors LLP (Reeds) has launched a Court of Protection service from its Bristol office. The Court of Protection team will be led by the firm’s head of Court of Protection and partner Sarah Griffiths-Jones who is currently based in Cardiff. Sarah will split her time between the Cardiff & Bristol […]Read More
The Equity Release Council has announced that the option for borrowers to make penalty-free partial repayments, will become a fifth “standard feature” for all equity release providers, with immediate effect. Introduced on Wednesday 28th March, the change has been implemented to help reduce the effects of compound interest and reduce overall later life borrowing costs for […]Read More
Legal and professional services firm Knights has completed acquisition of Langleys Solicitors of York and Lincoln, in a deal worth £11.5 million. As one of the most well-known and substantial legal practices in York, Knights says the acquisition of Langleys will provide it with “a platform to realise the opportunity of the York legal market and expansion […]Read More
The Institute of Legacy Management has announced details of its Annual Conference in association with Bates Wells on 6 May 2022. The conference will include the usual topical mix of news, views and discussion, in addition to all-important networking and reconnecting opportunities. Conference headline sponsor Bates Wells will hold a session on the Charities Act, […]Read More
Law firm JMW Solicitors has seen a circa 72% rise in Inheritance Act claims in 2021 as relatives quarrel over much smaller sums of money. Partner Alison Parry has warned of the need to take a robust approach to Will-making to avoid loved ones falling victim to a legal challenge. A recent case handled by […]Read More
The Solicitors Regulation Authority (SRA) is consulting on proposed changes to its rules that would reinforce its powers to deal with risks to clients and the public when these stem from a poor work culture in law firms. The proposals also seek to clarify the SRA’s approach to situations where a solicitor’s health issues affect […]Read More
Tower Street Finance, the market leader in inheritance lending and Kings Court Trust, one of the UK’s largest probate provider have entered into a new partnership. The deal will benefit both companies but more importantly will help them give even better service to their customers while they are going through the probate journey. Many people […]Read More
Tower Street Finance was able to offer a speedy and efficient service to an IFA and solicitor for a case where a large Inheritance Tax bill was due within days, with no means to pay. The deceased had left a complex estate to manage with commercial assets plus several properties both in the UK and […]Read More
Hot on the heels of our announcement last week about new team members, we’re delighted to welcome another two to Tower Street Finance. Richard Dearden joins us from Irwin Mitchell where he was head of marketing innovation and takes up the new position of head of marketing. Says Richard: “I look forward to bringing my […]Read More
When considering what goes into an estate plan, some of the first things that often come to mind are who will inherit property, who may care for a dependent child or what should happen with various personal belongings. But what about one’s digital assets? It’s not uncommon for people to exclude digital assets from a […]Read More
We are pleased to welcome Mitra Mann, Senior Associate, Tracy Ashby, Partner and Danielle Pawson, Associate at Wright Hassall who will be presenting our upcoming Certainty Expert Webinar on Tuesday 23rd November at 12.00pm, titled ‘Gifting of P’s assets – avoiding the pitfalls’. Over the last few years, the OPG has received many concerns and […]Read More
Two and a half weeks on from the highly successful British Wills and Probate Awards, sponsored by Executor Solutions there is still a warm afterglow around the event. Social media is awash with certificates and trophies sitting pride of place and the gallery is now available on The British Wills and Probate Awards website. Today’s […]Read More
Due to measures put in place to help stop the spread of Covid-19 HMRC has changed the way they deal with Inheritance Tax returns. If a person died on or after 6 April 2011 and the estate is unlikely to pay Inheritance Tax use of an IHT205 form is required. Until further notice, HMRC will […]Read More
What is MBI? Missing Beneficiary Indemnity Insurance (MBI) offers Personal Representatives (PR’s) protection from unexpected claims against them for a share of an estate following distribution. Claims could be made by untraced known beneficiaries, or unexpected beneficiaries who were previously not known to the family; therefore, an MBI policy is the only true way of […]Read More
In the 4th article of our ‘product in focus’ series, we look at the Experian Unclaimed Asset Register (UAR), and why we include it in our Financial Profile Premium Service. Experian cites the most common reasons for losing touch with assets as change of address, illegal activity, failure to update your address details and death. […]Read More
We’re pleased to announce the addition of two new team members to Tower Street Finance. This week we’ve welcomed Anya Carter our new customer support manager and Nick Lacey who will cover the London and the northern Home Counties, joining our team of business development managers. Anya comes with a wealth of experience in customer […]Read More
Ampla Finance, the legal finance provider, has today announced that Louise Hall has been appointed as the business’ very first Chief Product Officer. In this newly-created role, Louise will be responsible for enhancing existing and developing new products across both Ampla’s matrimonial and legacy service lines. Louise will also lead the business’ efforts expanding its […]Read More
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