25 January 2022
Digital legacy planning and Apple’s new feature
Apple officially released its ‘Digital Legacy’ feature on 13 December 2021. This permits individuals who have been nominated by the deceased to access the deceased’s accounts and data after their death. Diva Shah examines the impact of this new feature and its implications for Private Client practitioners in matters of estate planning where digital assets are involved.
16 June 2020
Company Succession Planning: Death of a sole director – now what?
Company succession planning is critical to ensure that a company can continue to run in the unfortunate event that a director (or shareholder) dies. If there are other surviving directors, they are able to step in and run the company, but what happens when a sole company director dies?
12 June 2020
Executors Briefing - Tax and the Family Home
In many estates, the deceased’s home is the principal asset whose value often tips the estate over the inheritance tax (IHT) threshold. The status of the deceased’s house/flat as “family home “attracts little special tax treatment beyond the additional “residence nil rate band” for IHT purposes if it’s left to “direct descendants”. But a house within an estate does illustrate well the main issues of valuation for IHT on death and Capital Gains Tax (CGT) implications when the property is sold by the Executors.
28 January 2020
Intestacy: The statutory legacy increases – what does this mean?
The UK government has confirmed that the amount a surviving spouse or civil partner is entitled to receive in England and Wales where a person dies intestate (without a valid will) leaving children will be increased. The statutory legacy will be increased by £20,000 from £250,000 to £270,000. The changes will come into force on 6 February 2020.
5 December 2019
French matrimonial regimes: the wide ranging impact for couples with Anglo French connections
We discuss the various aspects that you should consider from a family and inheritance or succession perspective when deciding which matrimonial regime to elect (or whether to create another type of agreement), including what will happen by default if you do not select any.