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The FCA’s Enforcement Watch 2 and what it means for the financial services industry
James Alleyne
As so many families that we advise now live across several countries, and particularly in France, we regularly get asked whether Lasting Powers of Attorney made in the UK and registered with the Office of the Public Guardian can be recognised in France.
I recently appeared as a guest on Radio 4’s Money Box, with Paul Lewis, discussing the issues faced by deputies when trying to access and manage bank accounts for those who lack capacity.
Historically, Americans have been some of the most significant users of the remittance basis of taxation, but this may soon become redundant if the Tories get re-elected. So how will the proposed tax reforms relating to non-domiciled individuals who have or are considering making a move from the US?
If someone dies domiciled in the UK for inheritance tax (IHT) purposes (or non-domiciled but with UK assets exposed to IHT), this is a tax that cannot be ignored.
It is a little-known fact that all wills are published and made publicly available upon request as part of the probate process. This means that if your personal representatives, the people appointed by your will to administer your estate, require a grant of probate to distribute your assets, then your will can be made available upon request to any member of the public. This is true to the extent that the only exception is the reining monarch.
James Alleyne
Oliver Oldman
James Alleyne
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