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Blog Archives
What happens if a will is found after an estate has already been divided?
What happens if, years after a relation has died and their estate has been distributed, a new Will with different beneficiaries is found? In a recently publicised case involving 9,000 wills stored by Lloyds Bank, Lloyds has promised to compensate those …
Posted in Shorter Reads
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Tax and Estate Planning team continues strong growth with new Partner hire
Leading Private Wealth law firm, Collyer Bristow, has appointed Tulin Hamit as a Partner in the Tax and Estate Planning team. Tulin is dual-qualified in the UK and Turkey and joins the firm from RadcliffesLeBrasseur. Her appointment is effective as …
Posted in News
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A commentary on inheritance tax case, Routier v HMRC
The Supreme Court today handed down judgment in a rare and important Inheritance Tax (IHT) case which has wide-reaching consequences for taxpayers and charities in the UK, Jersey and worldwide. The Court allowed the appeal by trustees of a Jersey …
Posted in Shorter Reads
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Decrypting a digital world
An overview of some of the key areas of interest in relation to cryptoassets, their legal treatment in the UK, and how they should be considered in tax and estate planning.
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Why might a trust be of benefit?
A guide considering the many reasons and many circumstances where a trust might be of benefit.
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Can I create a trust fund for alternative investment profits?
I invest in alternative investments, including watches and jewellery, and am becoming quite successful. I would like to channel the profits into a trust for my two young children. Is this the best way to safeguard the money for them? …
Posted in Shorter Reads
Tagged luxury assets, trusts, watches
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Why might a trust be of benefit?
There are many reasons and many circumstances where a trust might be of benefit. It is a relationship in which one or more people (the trustees) holds and manages assets for the benefit of one or more other people (the …
Posted in Longer Reads
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Office of Tax Simplification publishes recommendations to simplify inheritance tax
While these amendments do not go so far as to shake the foundations of the tax itself, nevertheless the proposals would require all practitioners to come to terms with the amendment of a number of rules that have stood firm …
Posted in Shorter Reads
Tagged IHT, tax
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Trusts for business owners
For clients who own trading businesses, trusts can be useful succession and tax planning vehicles to ensure the preservation of our clients’ wealth. For example, it may be possible to transfer shares in a business into a trust free from …
Posted in Case Study
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