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When divorce involves significant wealth, one of the hardest questions is whether you can trust the financial picture being presented to you. You may be worried that assets are being hidden, undervalued or moved out of reach. Or you may be a business owner, entrepreneur or someone with inherited wealth who is concerned about how to protect assets properly without being accused of concealment. These are very different concerns, but they often meet at the same point: the need for clear, accurate financial disclosure and a strategy that protects your position from the outset.

When a family trust is connected to your marriage, understanding its potential impact on your financial settlement is crucial. The court's approach focuses not on legal ownership, but on whether the trust is likely to provide financial support to either spouse now or in the foreseeable future. This analysis explores how discretionary trusts, family trusts, and trust beneficiary status are evaluated in divorce proceedings, examining the key factors that determine whether trust assets become relevant resource

Value-Added Tax (VAT) is a key component of Portugal's tax system.

The progress through the courts of Pitt v HMRC and Futter v HMRC has been followed closely by trustees and those advising them.

Trusts are a very useful and often vital mechanism for vulnerable individuals because it allows funds to be held by persons (known as the ‘trustees') for the benefit of the vulnerable individual.

According to the Independent Schools Council census, in 2023, the average cost of private school fees is £16,656 a year for day schools, with the typical fee level 5.8% higher than in 2022.

Conveyancing solicitors and their professional indemnity insurers have been keenly anticipating the Court of Appeal's decision, which was handed down on 15 May 2018.

Welcome to the penultimate property newsletter of the year 2022. With less than three weeks to go before the Christmas break many of you may be busily beavering away trying to get your desk cleared before Christmas...

Charity regulators issue advice on how to give safely to charity this Christmas The Charity Commission and the Fundraising Regulator set out simple steps to give safely this Christmas.

If you have chosen to leave a gift to a charity in your will, you may need to amend your will due to recent changes to the exemption from inheritance tax for charitable gifts.

A recent Court of Protection judgment has highlighted a critical vulnerability in estate planning: the threshold for capacity to marry is significantly lower than that required to make a valid will. This disparity creates opportunities for predatory marriages, where vulnerable individuals may have sufficient capacity to marry but lack the testamentary capacity to protect their estate, potentially allowing exploitation through automatic will revocation and intestacy rules.

The Academies Financial Handbook 2015, effective from 1 September 2015, has been published by the Education Funding Agency.

More trusts are turning to the ‘split site' model to redesign how and where they deliver services. Such re-engineering requires skilled leadership, and staff and public engagement, but is this a panacea?

Important changes were made to the UK's deemed domicile regime in 2017. These complex new rules pose yet another set of challenges for offshore trustees of trusts with UK resident, deemed UK domicile settlors. While most hope to avoid the new tainting regime for so called ‘protected settlements', given the ease with which a trust can be tainted, and the potentially calamitous tax consequences of a tainting event, this is an area of high risk for trustees.

His Exalted Highness the Nizam of Hyderabad was anxious. The richest man in the world had reason to be on edge, as he was about to experience one of the most tremendous reversals in human history.

The latest Academies Financial Handbook, now called the Academy Trust Handbook, has been published. We look here at the key changes.

When family members contribute financially to property purchases or hold assets on behalf of relatives, informal arrangements can lead to costly disputes. Two recent UK cases demonstrate how unclear intentions regarding property ownership and financial contributions can result in complex litigation, particularly during relationship breakdowns or inheritance disputes.