Private Client e-news

Why couples should consider their joint assets when making wills

Farida Isaji - September 20th 2019
Wills and probate solicitor, Farida Isaji examines a High Court case over inheritance of a couple's joint assets when both died at a similar time.
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Nominating guardians in your will

Napthens - November 22nd 2018
Many people when preparing a will focus on the issue of protecting their financial assets or issues surrounding inheritance tax which are all relevant and very important issues when planning for the future.
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Inheritance tax changes looming?

Napthens - August 22nd 2018
It seems likely that changes to inheritance tax (IHT) legislation will follow after the Office of Tax Simplification reports on the review ordered by the Chancellor, Philip Hammond.
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Cohabitees must act quickly for protection

Napthens - May 31st 2018
Cohabitees must act quickly to protect themselves following a relationship breakdown, warns specialist disputes lawyer Nicola Turner.
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What is a company will? Do you need one?

Napthens - May 31st 2018
Successful entrepreneurs are usually too busy building their business empires to pause to think what might happen to the business if suddenly, they are no longer around...
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Lasting Power of Attorney (LPA) refund

Napthens - February 12th 2018
The Chancellor of the Exchequer, Philip Hammond, has written to the Office of Tax Simplification, asking for a review of the current inheritance tax regime, describing it as being “particularly complex”. It is certainly the case that the recently introduced residence nil rate band has complicated rules associated with it, meaning that the way in which property is owned and Wills are drafted, can have a significant effect upon its availability.
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New Year – new start

Napthens - January 25th 2018
January is usually the month where people find themselves assessing their current living arrangements and relationships, and as a result, perhaps looking to make changes to their lives. January is also the month for fresh starts and breaking old habits. This can have a positive or a negative effect on the individuals involved as sometimes this involves people breaking up, whether they decide to divorce, separate or go their separate ways as a co-habiting couple.
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Declarations of Trust

Napthens - November 27th 2017
Increasingly, properties are being purchased with buyers contributing different amounts towards the price. For example, a property may be purchased in joint names, with one party paying the deposit, and the other party not making any initial financial contribution. In this scenario, if you are the party contributing the deposit, then it is important to consider whether this initial contribution is to be protected.
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New inheritance tax provisions explained

Napthens - August 22nd 2017
On 6 April 2017 the new inheritance tax residence nil rate band (RNRB) came into effect.  The RNRB will be phased in over a three year period, with the RNRB this tax year being £100,000 per person, rising incrementally until  6 April 2020 when it will be £175,000 per person.
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Myths within family proceedings

Napthens - August 22nd 2017
Thanks in no small part to television shows and celebrity gossip magazines, there are a range of common myths about the divorce process which many people assume are true.
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Thinking of selling your property via auction?

Napthens - August 22nd 2017
The popularity of selling properties via auction has grown recently, with both sellers and buyers becoming more aware of its merits.  Larger organisations such as Housing Associations together with property investors buy and sell property this way, as do owner-occupiers.
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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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