Clarkslegal LLP - Solicitors in Reading and London

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Mar
13
2017

Additional Tax Allowance for Property Owners - The Full Story
#Private Client #Private Client #Real Estate #Clarkslegal

Next month sees the introduction of the Residence Nil Rate Band, offering those with children or remoter descendants who own their own property a substantial additional inheritance tax allowance....

Jan
27
2017

Overseas Domestic Worker visa – a route which tolerates abuse and slavery?
#Immigration #Employment #Private Client

Migrant domestic workers are vulnerable to trafficking, exploitation, and abuse. ...

Dec
08
2016

Christmas plans and the Chancellors first and last autumn statement
#Private Client

The chancellor delivered his first and last autumn statement on the 23rd November. Following the major changes announced to Inheritance Tax earlier in the year, this statement was quite light on material from a private client perspective....

Nov
07
2016

Major changes for Lasting Powers of Attorney
#Private Client

The High Court recently reversed a decision made by Senior Judge Lush in the Court of Protection concerning the joint appointment of attorneys in Lasting Powers of Attorney. (Miles and another v Public Guardian [2015] EWHC 2960 (Ch).)...

Oct
07
2016

Starting a new business? Now's the time to protect it
#Private Client #Entrepreneurs & Start-Ups

Starting a new business? Now’s the time to draft a tax efficient Will and protect both you and your business with a power of attorney....

Oct
07
2016

Major changes ahead for those facing inheritance tax and property investors
#Private Client

The Finance Act 2016 received royal assent on 15 September 2016, bringing with it a number of significant changes. Our private client department focuses on some of the key changes tax changes clients need to be aware of. ...

Aug
09
2016

Succession of assets situated overseas
#Private Client

Those with businesses in both the UK and overseas are likely to have assets in more than one country. With this in mind, they should seek specialist advice when looking to draw up their Wills....

Jul
08
2016

Challenging Wills – The risks
#Private Client

A recent high court case (Elliot v Simmonds and others [2016] EWHC 962 (Ch)) highlighted the risks associated with challenging the validity of a Will without reasonable grounds. The claimant was unsuccessful and ordered to pay both sides’ costs....

Jun
10
2016

Tech entrepreneurs: do you have a Will?
#Private Client #Entrepreneurs & Start-Ups

Writing a Will is one of the few areas of law which is as yet fairly untouched by recent advancements in technology....

Jun
10
2016

Court of Appeal defines the class of persons able to bring claims challenging the validity of Wills
#Private Client

In the recent case of Randall v Randall [2016] EWCA Civ 494 the Court of Appeal has defined the class of persons able to bring claims challenging the validity of Wills. In the case in question, a husband agreed with his ex-wife as part of their divorce proceedings that if his mother-in-law passed away, leaving more than £100,000 to the ex-wife by her Will, then the ex-wife would share any sum exceeding this with the husband....

May
05
2016

Sustainability - Green funerals
#Private Client

When drafting Wills for our clients, we always recommend that they include a section about their funeral wishes, as this normally isn’t something that families discuss around the dinner table....

Apr
12
2016

The budget 2016 – key announcements for private clients
#Private Client

In his second budget earlier this month, George Osborne made a number of announcements affecting individuals. We have summarised some of the most notable below:...

Apr
11
2016

Lasting Powers of Attorney – options for business owners
#Private Client

The last thing on many business owner’s minds is what would happen if they suffered an accident or illness that meant they became unable to manage their business or personal affairs....

Mar
07
2016

How to protect yourself from your business?
#Private Client

As businesses grow, it is very important that business owners consider how to protect their personal wealth from business risks, including their home. ...

Feb
05
2016

Why business owners might not want to leave everything to their spouse
#Private Client

If you are married and have an interest in a business, it’s worth considering whether your Will is as inheritance tax efficient as it can be. ...

Jan
12
2016

What to expect for 2016
#Clarkslegal #Construction #Corporate #Dispute Resolution #Employment #UK Immigration #Private Client #Real Estate #Commercial

Clarkslegal has produced a guide on ‘What to expect for 2016’ which clearly sets out all the forthcoming legislative changes, which we hope you find useful in planning your year ahead. ...

Dec
08
2015

Lasting Powers of Attorney – Can you afford not to make one?
#Private Client

Most people understand the importance of making a Will. Far fewer understand the importance of making a Lasting Power of Attorney....

Nov
06
2015

Inheriting ISAs
#Private Client

ISAs are tax efficient wrappers that shelter investments from income tax and capital gains tax. Previously, all monies or investments held in an ISA wrapper had to be transferred out of that wrapper on death before being transferred to a beneficiary. That beneficiary then only had their personal ISA allowance available to them when reinvesting the funds previously held in the deceased’s ISA....

Oct
12
2015

Why owners of overseas properties in Europe should review their Wills following the introduction of the Brussels IV (EU Succession Regulation)
#Private Client

The Brussels IV regulations have recently been introduced and affect all those owning property overseas in any of the 27 EU member states other than Denmark, Ireland and the UK....

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