Private Client e-news

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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