COOLE BEVIS LLP NEWS

Keep up to date with the latest activity from the Coole Bevis LLP team. We make sure we’re always one step ahead when it comes to legal matters across a range of industries and now you can be too!

How does someone die intestate?

Intestacy arises when a person dies without leaving a valid Will. A person who dies without leaving a Will is called an intestate person. Alternatively, a partial intestacy is when someone dies leaving a valid Will but the Will does not make provision for the entire estate and in this case the intestacy rules apply …

Brexit delays proposed increase to grant of probate fees

Brexit has delayed the plans to increase the cost of probate, the implementation of which has been met with widespread approval. The Guardian reported this week that the plans to introduce a sliding scale of charges, which would replace the current flat rate, were due to come in on 1 April. However, no date has …

Don’t take chances when it comes to your future…

We all hope that we won’t become incapable of making our own decisions, but accidents can happen at any time and with one person developing dementia in the UK every three minutes, now is more important than ever to plan ahead and set up Lasting Powers of Attorney (LPAs) to ensure that your wishes are …

Tony Benn’s Archive Donated – and inheritance tax avoided

Recent news included a story about how Tony Benn’s archive has been donated to the British Library under the acceptance in lieu of the inheritance tax scheme. The fascinating archive collection was accumulated by the former left-wing politician who died in 2014 over his life-time. It includes a diary he started in his youth, and …

What is a Trust?

In light of the recent issues arising from the Universal Trustees Limited liquidation, it seems appropriate to set out some guidance regarding trusts. For many people trusts seem very complicated and daunting structures. It is true that Trusts are not simple things but then they were never meant to deal with simple situations. Where the …

The Significance of ‘Probate’ Valuations and The District Valuer Office Agency

Are you confused about the meaning of probate valuations and the impact these may have on an Estate you are dealing with? The term ‘Probate Valuation’ means the value of the assets as at the date of death. A ubiquitous term used throughout an Estate administration but do you really know why these valuations are …

HM Courts and Tribunals to Change Notification System for Charity Donations

There is to be a change to the way charities are alerted when money has been left to them in a will, according to a news item on the Civil Society website this week. HM Courts and Tribunals Service (HMCTS) is working with the Institute of Fundraising, the Institute of Legacy Management, Acevo and the …

Pass the Buck

How much do you think you are worth financially? You may think you have nothing of value. Start adding it up; the car or cars, the home you own, that little stash of premium bonds, the bank account your salary goes into every month! It can all add up and just think, “what happens to …

EPC Requirements for Rental Properties

What has changed? From April 2018, the regulations concerning Energy Performance Certificates (EPCs) changed for rental properties (and commercial properties). The aim was to reduce wasted energy and costs for the tenant, help lower greenhouse gases and improve the condition of certain properties. The Minimum Energy Efficient Standards (MEES) requirement for residential properties let on …

Stamp Duty Land Tax (SDLT), seek specialist relief advice

SDLT replaced Stamp Duty in 2003. Instead of being a tax on documents, SDLT is a tax on land transactions and broadly covers the purchase or transfer of land in England. Once considered a relatively straightforward property tax, the introduction of the higher rate brought with it layers of complexity. The higher rate 3% on …

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