Private Client
The Bank of Mum and Dad – the ins and outs
According to a press release in 2020 by Legal & General, the Bank of Mom and Dad (or BoMaD) is one of the main ways first-time property buyers under the age of 35 are able to get themselves on the map – amounting to £18.11bn worth of property transactions. Legal & General also discovered that…
Read MoreInheritance Tax – What’s the Deal with it?
We all inherit something from our families. For some it might be that old oak dresser or a recipe book. For others, it might be an odd sense of humour or a glint in the eye. Many of these things are simply passed along without much thought or control over the matter. But when it…
Read MoreWill My Gifted Savings Be Taxed?
Many people spend their lives evading tax, finding every conceivable loop hole or hidey hole to get away from paying “Caesar’s things to Caesar”. Inheritance tax is one of those dreaded and despised types of tax. Like someone having hacked a great big chunk out of your wedding cake before you get to cut it.…
Read MoreWhat is the Court of Protection?
Do you have a relative or friend that no longer has the capacity to make sound decisions for themselves? Then you may be familiar with The Court of Protection. What is the Court of Protection? In English law, the Court of Protection is a superior court of record created under the Mental Capacity Act 2005.…
Read MoreHow to Avoid Adult Siblings Falling Out Over the Family Home.
With rising house prices and the pandemic wreaking havoc on people’s finances more and more adult children are remaining at home with the parents. While this solves problems with immediate financial burdens it could be potentially setting up a conflict with other siblings over future ownership of the family home. Grown-up children may have sound…
Read MorePandemic Vs Probate
The probate service has announced that waiting times for Probate has plummeted to only 5 weeks despite the difficulties faced during the pandemic. It’s safe to say most sectors in the legal industry have struggled to avoid delays during the Coronavirus outbreak but the probate sector has had to work tremendously hard to keep up…
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