Beryl Swetenham brought a claim against Alexander Bryce’s estate under the Inheritance (Provision for Family & Dependents) Act 1975 (IPFD 1975) on the basis that she and Alex lived together as husband and wife in the same household for at least the last two years of his life.
About Gill Steel
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Gill is a compelling seminar and conference speaker both in house and at public events with a strong gift for making Wills, Probate, Trusts and Tax practical, engaging, authoritative and informative. For Private Client Practitioners & Team Leaders Gill offers off-the-shelf & bespoke training for individuals, organisations and local and national professional bodies.
Author Archive | Gill Steel
Both the Daily Telegraph & Daily Mail have run articles in August 2014 saying that savers could be forced to pay IHT while they are still alive under this new drive against tax avoidance. This might be true if there was a chargeable lifetime event which was seen to be avoided by a marketed and disclosable scheme
Mr Peter and Mrs Gill Andrews jointly settled a property on trust with the intention of benefiting their grandchildren and at the same time saving Inheritance Tax (IHT). Sadly, the financial adviser who organised it created a trust benefiting only one grandchild with no flexibility to override these provisions or benefit other grandchildren during the named grandchild’s lifetime.
This case revolves around the validity of a Will prepared by her sister for Valerie Watts who was in hospital dying of cancer.
Valerie Watts had two adopted children who were not themselves siblings: Christine and Gary. She made a Will in 1999 through Will Drafters Limited of Croydon leaving her whole estate between Christine and Gary equally.
The SRA regulates entities and recognised sole practitioners. Leaving aside the latter for the moment, as a regulator of an entity the professionalism of a group within the entity i.e. solicitors, is not what is solely at stake here. If the entity is to provide a competent service for clients then ALL personnel need to be competent.
This is an easy-read guide to understanding those parts of MCA 2005 which clinicians need in their daily practice.
The April 2014 Trusts & Estates Newsletter is now available off the HMRC website. It is as usual a helpful update of some of the developments in policy and practice from HMRC
This case dealt with a gift from mother to sons of her leasehold flat. It considered whether or not the existence of a ‘good repair’ clause in her favour (as the owner of the head lease) in the under lease she granted to the trustees of a trust created for the benefit of the two sons, could constitute a gift with reservation of benefit (GROB).
In February 2014 the SRA issued a consultation paper on the future of training. This sought the responses of you and me to their suggested alternative approaches although they stipulated quite clearly the SRA’s preferred option.
FATCA was originally enacted in 2010 and was scheduled to take effect in January this year. This date was later postponed until January 2014 and now it had been pushed back yet further to 1 July 2014.
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- Can allegedly negligent draftsmen obtain rectification without admitting a mistake September 17, 2014
- Gathering facts and evidence in IPFD cohabitant claims September 15, 2014
- The real-world and what is a big trust fund? September 12, 2014
- Grave Gifts September 12, 2014
- Are your clients being forced to pay IHT whilst alive? What’s it all about? August 27, 2014
- What is Heartbleed and what does it mean to you? May 22, 2014
- Book Review of A Modern Approach to Lifetime Tax Planning for Private Clients (with precedents) July 10, 2014
- Disregarded assets in means testing for residential care fees July 12, 2014
- Are you protecting yourself from computer risks? July 15, 2014
- New Planning Rules – Do all farm buildings need BPR? July 22, 2014
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Gill is always informative and insightfulLucy Thomas, Shoosmiths
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Of the LawSkills webinar - Wills Made following 2nd Marriages the Wealth Team at Boyes Turner say ‘Yes clear and concise, we all thought it was very informative. We like their webinars’! ‘I thought it was excellent. It covered my queries generally and raised things I need to probably be more aware of – potential conflict between a couple in their second marriage where both have children’.Wealth Protection Team, Boyes Turner LLP