All Private Client Solicitors articles – Page 45
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FeatureBack to basics: Residence and domicile
Jo Summers explains how to assess client’s residence and domicile status – and the impact this can have on will-drafting and succession issues – and examines the new EU certificates of succession
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FeatureCrossing the borders
March this year saw the fourth Section conference on cross-border and international private client issues. Section committee member Alberto Perez Cedillo reports back on the talking points of the day
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FeatureAlternative take
In the second of a two-part series on the beneficial interests in land owned by two or more people, Ian Bond and Gary Rycroft consider the importance of applying for alternative restrictions to protect both the solicitor and their client
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FeatureHave a care
The past few years have witnessed substantial reforms to social care in both England and Wales. Lisa Morgan and Leah Steele outline what to expect of the new care regime coming into force next April in Wales
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FeatureAll in the family
As inheritance tax once again becomes a political hot potato, Matthew Duncan looks at the issues involved in renting out inherited property, and managing the resulting shared ownership situations that can arise between family members
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NewsMake an appointment
Simon Leney strikes a note of caution for those firms appointing themselves as executor when drafting a will – the practice may not be around for much longer
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NewsThink ahead
Graham Murphy explains how the Law Society has been raising the profile of private client practitioners among consumers
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NewsNew international tax compliance regulations in force
The regulations set out FATCA due diligence and reporting obligations for UK financial institutions, explains Jo Summers
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AnalysisRaising the issue
In Reading v Reading, the court was asked to decide whether the word ’issue’ included the testator’s stepchildren and their descendants as well as his own descendants and, if not, to rectify the will.
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FeatureReady and willing
Will-writing and estate administration offer steady income for firms, but the risks of exposure to negligence claims have discouraged many from this work. Mark Baxter offers a best practice guide to avoiding these risks and safely pursuing this profitable source of revenue
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FeatureOff limits
There are circumstances under which it is necessary to apply for a limited grant of administration. David King provides an overview of the grant ad colligenda bona, and a practical guide to obtaining it
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FeatureIt’s my life
Cilla Wright discusses her work as an independent mental capacity advocate, and why professionals should not lose sight of the basic principles of the Mental Capacity Act when dealing with vulnerable people
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FeatureHolding ground
The beneficial interest in land owned by two or more people can be held in different ways with different implications on the death of one of the co-owners. Ian Bond and Gary Rycroft look at the issues to consider and the obligations of private client practitioners
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FeatureSaving grace
Individual savings accounts have for some time been considered the investment wrapper of choice for long-term saving, but Patrick Connolly argues that, following last year’s radical shake-up of the rules, pensions may now be the more attractive and effective option
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FeatureRaising the FBAR
Many private client solicitors will now be familiar with FATCA reporting obligations. But, as Antony Eminowicz explains, your US clients may also be required by law to disclose details of their foreign bank accounts – and the deadline is looming
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FeatureA delicate jurisdiction
Philip D’Arcy looks at the court’s powers to remove a trustee or personal representative
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FeatureGaining currency
Digital assets are an increasingly commonplace reality of will-drafting, but one type with which practitioners may be less familiar is the cryptocurrency, such as Bitcoin. Ian Bond and Lucy Obrey explain what solicitors need to know about this emerging trend
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OpinionInto the breach
Could the rise in information-sharing agreements forcing the breach of confidential agreements lead practitioners down a dangerous path, asks Simon Leney
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FeatureBack to Basics: Stamp duty land tax
Marlon Appleton provides a practical and detailed guide to SDLT for private client practitioners, as it relates to companies and gifting property, gifting between spouses, trustees, and options to purchase in wills