On 9 April 2019, it was announced that the government will be implementing the Divorce, Dissolution and Separation Act 2020. This new law, which has received Royal assent and is expected to come into force in late 2021, will fundamentally reform the current divorce process with the removal of the concept of ‘fault’.
Inheritance tax (IHT) is charged on your death at the rate of 40% based on the value of your assets. This 40% rate is only charged on any value exceeding the nil rate band. The nil rate band (£325,000 in the tax year 2016-17) is the amount which is chargeable to IHT at the rate of 0%. From 6 April 2017, an additional residence nil rate band (RNRB) applies so that less IHT may be paid when the family home is left to children, grandchildren and some other individuals.
The new Pre-Action Protocol for Debt Claims (PAPDC) comes into force from 1 October 2017. If you are a business needing to enforce a debt, you will need to become familiar with the changes. […]
How do you attract and retain good employees and motivate them to take an interest in the business as if it were their own, all without excessive upfront cost? For many companies the answer, or at least part of it, lies in offering employees a ‘piece of the pie’; a stake in the company through [...]
10 essential things to know and do before filing for divorce Despite divorce rates being at their lowest level in 40 years, almost half of all marriages in the UK, 42% to be precise, still end in divorce. And whether it’s you or your spouse instigating the break-up, it’s almost always a complicated and emotionally [...]
Whatever stage your business is at, it makes sense to have an exit strategy in mind. If one day you might sell the business or part of it, it pays to keep it in good shape and ensure that there are no issues lurking beneath the surface which might reduce the value of the business [...]
It goes without saying that your solicitor should provide a high standard of service and client care. However, there are a few simple things that you can do that will ensure that you get the best out of your solicitor and hopefully save you money too! […]
Choosing who to appoint as attorney is the most important part in the process of making a Lasting Power of Attorney (LPA). Your attorney will be the person making decisions about your property and financial affairs and/or health and welfare should you become incapacitated. Acting as an attorney is an important role. You should choose [...]