What are the responsibilities of a trustee?

What are the responsibilities of a trustee?

 We are frequently asked what the responsibilities of a trustee are, and sadly it is one that is very difficult answer adequately. We can provide some fairly generic advice but precise advice is often tailored to each case. So what is a trustee? Trustees must look...
Inheritance Tax Solicitors – 6 common myths

Inheritance Tax Solicitors – 6 common myths

When we speak to people about inheritance tax, they will often tell us about the things that they have done to avoid this tax, or their understanding of the tax.  While there is little doubt that some people have a good understanding of the tax, it is frighteningly...
Couple win case against land tax on property no.2

Couple win case against land tax on property no.2

Since April 2016, anyone who purchases a second home as a holiday home or an investment has to pay a higher rate of Stamp Duty Land Tax at 3%. However, a recent Tribunal case in Bristol held that a couple were not liable to pay Stamp Duty Land Tax at the higher rate...
Changes in the world of Probate

Changes in the world of Probate

Some 40 years ago when the writer was newly qualified as a solicitor it was sometimes said that Probate work was easy because it never changed.  That was a slightly cruel and inaccurate remark coming as it did only a few years after the replacement of Estate Duty...
“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,...