572 results found

For individuals with international assets, an English Lasting Power of Attorney may not be sufficient to manage affairs across borders. Understanding the complexities of cross-jurisdictional recognition and the potential need for multiple powers of attorney can prevent significant delays and complications during critical moments of incapacity.

We are seeing a growing number of financial cases where the dispute potentially affects third parties such as beneficiaries, trustees, parents, or commercial partners.

The First-tier Tribunal of England and Wales has not accepted the settlors’ / protectors’ position that they do not possess the information requested by HMRC.

The obligations of trustees and their prospects of recovering legal costs will vary depending upon the type of dispute they are faced with.

The Government will shortly be introducing changes to the rules on Inheritance Tax on any UK residential property held by those domiciled outside the UK, where such assets are held through a non-UK company.

H.M. Revenue and Customs recently published a further consultation on the IHT regime for trusts.

Comedian Ricky Gervais's reported consideration of marriage has brought inheritance tax planning into the spotlight. This article examines how unmarried couples face significantly different tax treatment compared to married couples and civil partners, and explores why inheritance tax considerations are prompting many long-term partners to reconsider the financial benefits of formalizing their relationships.

Our Corporate Trust & Agency Podcast Series places a spotlight on topical issues and developments affecting the corporate trust and agency community.

In recent years, the reporting obligations on trustees worldwide have been increasing incrementally, with FATCA and the Common Reporting Standards imposing an extra annual obligation on top of the usual menu of tasks...

The Competition and Markets Authority (the "CMA") has published the provisional decision report in its market investigation into the investment consultancy ...

As reported in our October 2017 edition of Snapshot, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ...

The extent to which a beneficiary is entitled to trust information is a frequent cause of friction between beneficiaries and trustees/executors.

Partner Jennifer Alderman discusses the most common types of private wealth disputes, including will challenges, inheritance claims, and estate administration disagreements.

Understanding the complexities of inheritance tax on trusts can be challenging for practitioners navigating Scottish private client law. This practical guide demystifies the 10-year anniversary charge, providing essential insights into calculation methods, exemptions, and strategic planning considerations that trustees and advisors need to master.

Since our last update on the BHS saga, the parliamentary inquiry and public sessions run by the Business, Innovation and the Select Committee have ended and Frank Field MP, has criticised Green on his lack of willingness to reach a settlement.

Trusts in the UK have long been private structures, with information on the terms, identity of beneficiaries and trust assets only available to the settlor, trustees and certain beneficiaries.

Valentine's Day; a time to focus on love, relationships and commitment. Whilst it may not be the first thing that comes to mind at this time of year...

The UK government intends to introduce a new register of People with Significant Control over Overseas Companies, "the PSCOC Register", in order to improve transparency of beneficial ownership for foreign entities which own UK properties.