“Payment in Full and Final Settlement” – Creditors beware

“Payment in Full and Final Settlement” – Creditors beware

If you are a creditor and you are offered part payment only of money owed by a debtor, you should take caution in accepting particularly if the sum is offered “in full and final settlement”. If a debtor makes a written or verbal statement saying that they are making...
2019 – Year of the pig and rising cost of probate

2019 – Year of the pig and rising cost of probate

Here we are –  2019 ‘Chinese Year of the Pig’. According to myth, the significance of the pig in the Chinese zodiac legend was that the pig was the last to arrive when the Jade Emperor called for the ‘great race’. The term ‘lazy Pig’ was fashioned when,...
My owner died – what now?

My owner died – what now?

We dote on our furry bundles of joy our whole lives, but do we ever consider what will happen to them after we die?  You may wish to follow in the footsteps of high-flying accountant Mrs Bolasny, who gifted £1million into trust for the benefit of her Maltese terrier...
The Equity Release Swiss Army Knife

The Equity Release Swiss Army Knife

Equity Release has been available for many years, and in different forms, and has changed greatly over that time. There are many more lenders in the market now, and offering different types of loan as the market has matured. This has allowed borrowers to use equity...
Tax considerations for new start ups

Tax considerations for new start ups

Tax considerations for new start upsTax can impact the structure you adopt in running your business, to how you pay yourself and how you realise any profits. How you are taxed will be dependent on the type of start-up you establish, for example should you set up as a:...
What provision do you make for a co-habitee?

What provision do you make for a co-habitee?

It is an old fashioned principle of English law that you can leave your estate to whoever you want. True or False? It is actually both true and false. It is true that unlike many other countries which prescribe that your estate must be passed on to various relatives...