The modern world is a complicated place and nowadays family structures can be based on a multitude of different models. Gone are the days when only a husband and wife held a property jointly together. We are seeing the rise of co-ownership between friends and families in greater numbers than ever before. Many bring different …
Continue reading “Co-owning Property – How to protect your share”
A week after the budget and a sting in the tail. The government will re-introduce the unpopular and unfair increase to the fees for obtaining a grant of probate by Statutory Instrument with effect from 27th November 2018. You might recall their attempt to do this last year, which was withdrawn due to the general …
Continue reading "The New Death Tax"
The concerns and problems raised by Universal Trustees, its conduct and its subsequent compulsory liquidation are now clear to all those former clients of the company. Many people were persuaded to set up trusts, transfer assets or complete Wills – all actions that were presented to them as tailored to their specific needs. Perhaps, for …
Continue reading “Is a Trust the Right Thing for You?”
Prominent amongst the property related reforms in the Budget was the announcement of additional Stamp Duty Land Tax (SDLT) relief for first time buyers of shared ownership properties up to a maximum of £500k in England and Northern Ireland. For properties over £500k, no exemption is available and you’ll have to pay SDLT at the …
Continue reading “More good news on Help to Buy”
Do you like giving cash or presents, perhaps for birthdays, Christmas/other religious holiday, weddings etc? Most people do. But are you aware of the potential impact these gifts could have on your estate when you die, especially where you like to make multiple gifts each year? A PET is a term lawyers use for Inheritance …
Continue reading “PETs…. Not the ones we cuddle at home”
You could be sued for private nuisance by allowing Japanese knotweed to spread onto neighbouring land. Private nuisance is defined as: “The unlawful interference with a person’s use or enjoyment of land, or some right over, or in connection with it.” Landowners or tenants of properties affected by Japanese knotweed could bring action against the …
Continue reading “Don’t let Japanese knotweed get you tangled up in a legal dispute.”
When you marry, any existing will is automatically revoked (cancelled), unless it contains a clause in anticipation of marriage, leaving it invalid. This means that you will not have a valid will and if you do not make a new one, your estate will be dealt with under the rules of intestacy. Depending on the …
Continue reading “Change of circumstances, change your will!”
The uneasy rumblings regarding Universal Trustees Limited (also known as Universal Wealth Preservation, Universal Tax Solutions and Universal Asset Protection Ltd) have been growing louder and louder over recent months. We have been dealing with a number of clients who have set up trusts with this company or had Wills written with them including assisting …
Continue reading “Are you a client of Universal Trustees Limited (Universal Wealth Preservation)?”
Villarosa v Ryan [2018] EWHC 1914 (Ch) Law Chapter II of the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993) provides tenants of residential flats with a right to claim a new lease at a peppercorn ground rent and for a term expiring 90 years after the term date of the existing lease. …
Coole Bevis LLP once again supported The Dame Vera Lynn trust based just outside Horsham for another year by taking part in the May charity golf day organised by the charity which raised £5000 as a result of the donations from those taking part .The firm won the best female award which was awarded to …
Continue reading “May charity golf day organised by The Dame Vera Lynn Trust”
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Brighton
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Horsham
West Sussex
RH12 1DZ
t. 01403 210200
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Hove
East Sussex
BN3 2BB
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Worthing
West Sussex
BN11 3DT
t. 01903 213511
f. 01903 237053
info@coolebevisllp.com