Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
26 September 2014
Will you or won't you? - Passing down wealth to your children
The average Briton now delays making a Will until they are 72 years old according to a recent survey by Remember a Charity. Only three in 10 people in the UK actually have a Will and many of us simply don’t write a Will at all in spite of this being an age of increasingly complicated financial affairs, complex family dynamics and people moving between countries. The lack of engagement or willingness to arrange our affairs is somewhat surprising given the difficulties that can arise if matters are not dealt with and how these may affect the passing down of wealth to your children and through generations.
3 September 2014
Neither a borrower (with foreign income or gains used as collateral) nor a lender be…
Others may be on holiday in August, but not HMRC, who chose August 2014 to take taxpayers by surprise and change their stated position, with immediate effect, on the taxation of foreign income and gains used by UK resident, non UK domiciled individuals claiming the remittance basis (Remittance Basis Users - “RBUs”) as security for loans used in the UK.
31 July 2014
Protecting children's wealth on divorce and remarriage
Chitty Chitty Bang Bang, Sleepless in Seattle, Miracle on 34th Street – all heart-warming tales of single parents who find love again. But all are alarmingly silent about whether the parent in question took steps to protect their wealth for their children’s future.
10 July 2014
Constructive trusts and the potential interplay of foreign and religious laws
Constructive trusts are a flexible remedy imposed by courts to correct perceived injustices in relation to the beneficial ownership of property. The recent case of Bal Mohinder Singh v Jasminder Singh & Herinder Singh ([2014] EWHC 1060 (Ch)), which involved a dispute over family property, is interesting as it looked at constructive trusts in the context of religion and foreign law.
30 May 2014
Challenge to remove Jimmy Savile’s Executors fails
The beneficiaries of Jimmy Savile’s estate have been at loggerheads with his Executors following fears that compensation claims to his victims may use up all the money in his Estate.