The inheritance tax threshold could rise significantly before the general election in May 2015. Prime Minister David Cameron believes that families should not be made to pay large amounts of tax on homes where they have lived for several years. He hopes to increase the inheritance tax threshold in the coalition’s final budget before the
The government has simplified inheritance laws in order to modernise the process of dividing the assets of a person who dies without making will. It follows a review of intestacy law and a consultation carried out by the Law Commission. Under the new laws, if a person dies intestate, that is without leaving a will,
The Court of Protection has helped a family to settle a disagreement about the best way to care for their 84-year-old mother. The mother suffered from dementia and lived in a care home. She lacked the capacity to make the decision for herself about where she should live. As her condition worsened she moved into
The Law Society has launched a media campaign to highlight the importance of using a professional solicitor when seeking legal advice. ‘Use a Professional. Use a Solicitor’ is the tagline, and adverts will be appearing on numerous media outlets including television, railway stations and public buses. In recent years, various unregulated advisers and do-it-yourself legal
Machins Solicitors LLP has been recommended in The Legal 500 United Kingdon in the following seven practice areas: – South East Corporate and commercial – Corporate and commercial – Beds, Bucks, Herts, Middx– South East Dispute resolution – Commercial litigation – Beds, Bucks, Herts, Middx– South East Dispute resolution – Debt recovery– South East Human
In the light of new legislation coming into force on 1st October, the Law Society is urging people to consult their solicitor to check their will is accurate and up-to-date following changes made to inheritance laws. The Law Society highlight the fact that if you die intestate i.e. without having a valid will in place,
One of the problems that can arise out of DIY wills was highlighted by data released by the High Court recently. The figures show that the number claims concerning the mishandling a deceased person’s estate has tripled in recent years. There were 368 claims in 2013, while the figure was just 107 in 2012. It’s
A couple have been granted permission to tear up a badly drafted trust, after an error left the wife unable to benefit from it. The husband had set up the trust several years ago, with the intention of it providing for his wife and children in the event of his death. The man’s bank was
The Law Society has raised concerns that the online service for lasting powers of attorney (LPA) could be open to cases of fraud and abuse. LPAs are well established documents that enable you to nominate someone in advance to look after your affairs should you become incapable of doing so yourself at some point in
A woman has won the right to inherit some of her partner’s estate, even though she had not lived with him for a long enough period to meet the general legal requirement. The Inheritance (Provision for Family and Dependants) Act 1975 states that if a couple are not married they must live together for at