Private Client e-news

Protecting your finances and well-being

Napthens - May 31st 2017
It’s easy to think that you will never be diagnosed with a critical illness, particularly when we feel healthy and energetic, but we can fall ill with very little warning. The good news is that certain illnesses that used to be fatal are now survivable, but if you are diagnosed with a critical illness it can have a serious impact on your life and also the lives of your children, spouse or partner.
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What is a cohabitation agreement?

Napthens - May 31st 2017
The last few decades have seen a major shift in what might be considered the traditional family make-up. According to the Office of National Statistics, there are 2 million cohabiting couples in the UK. Cohabitation is now a common and accepted domestic arrangement. Sadly, the law has not followed this modern progression and still does not provide for people who choose to cohabit rather than get married or enter into a civil partnership.
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How are you funding your house purchase?

Napthens - May 31st 2017
It is becoming increasingly common for purchasers, especially first time buyers, to rely on family members and occasionally close friends, to provide financial assistance to enable them to take their first step in purchasing a property.
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Should you be reviewing your final salary pension scheme?

Napthens - March 28th 2017
Final salary or defined benefit (DB) pensions are known for being generous and typically anyone who is a member of a final salary or defined benefit pension are usually advised to remain in it. These pensions pay an income in retirement that is based on a multiple of years worked and a percentage of the member’s final salary. It is guaranteed and inflation-linked.
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Selling or buying a leasehold house or apartment? Beware – further charges may apply

Napthens - March 28th 2017
Whether you are buying, selling or currently own a leasehold property, there may be a number of additional charges which may apply. Details of these charges will be set out in the lease. The lease will also specify who to make the payments to, so for example to landlords, managing agents or management companies. There can be a number of different companies/organisations named on the lease. The roles and responsibilities of these different parties will be explained to you by your lawyer as your transaction is underway.
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Q&A: Increase in Probate Fees

Napthens - March 28th 2017
From May 2017 the set fee of £155 for all probate applications made through a solicitor, and £215 fee for personal applications will cease. The new fee will depend upon the value of the net estate.
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