Trusts & Succession

The UK’s younger generations are counting on the transition of wealth between generations to fund their financial goals, reveals new research from investment firm Fidelity International

The #FreeBritney campaign has reached a critical point over recent months following a series of court hearings during which US singer Britney Spears gave an impassioned testimony and petitioned the US court to have her father removed as her conservator

The UK’s Ministry of Justice has announced plans to reform the lasting power of attorney (LPA) process to make it simpler and easier to use whilst shifting to a predominantly digital service

HMRC has confirmed that the planned change to simplify the authorisation of agents by trustees has not gone ahead due to security concerns, the Institute of Chartered Accountants for England and Wales (ICAEW) has confirmed

The Law Commission has announced a public consultation on its 14^th programme of law reform, calling for views on its proposals for possible areas for reform

Part III of the Matrimonial and Family Proceedings Act 1984 (“Part III”) allows former spouses to apply in England and Wales for financial relief after an overseas divorce, with the leave of the court

The Supreme Court, in the case of R (on the application of Haworth) v HMRC, has made it clear that HMRC must rethink their approach to follower notices before they press the red button

Every industry has seen sharp changes over the last year and a half due to the pandemic, but the wealth sector in particular has seen a major shift with the generational wealth transfer timeline shortening significantly

The Jersey Royal Court’s recent judgment, In the matter of the May Trust, which is a Public Trustee v Cooper application, is being described as “hugely significant”

The media spotlight has focused on the estate of the late Professor Stephen Hawking recently due to a significant tax saving arrangement. An agreement was reached with the Cambridge University Library and the Science Museum Group for Hawking’s archives and the contents of his office to be preserved for posterity, with the objects given in lieu of inheritance tax under the "Acceptance in Lieu” scheme, run by the Arts Council of England