12
Dec 2023
If you are dealing with the estate of someone who has died, you need to check whether any of the beneficiaries have been declared bankrupt. If you mistakenly distribute part of the estate to a bankrupt beneficiary, the trustee in bankruptcy could bring a claim against you to recover any money that they were not…
08
Dec 2023
Introduction All claims must be brought within a time limit known as a limitation period. In the case of contract claims, this is usually 6 years from the date of the breach or 12 years where a deed is concerned. This can be extended in certain cases under Section 32 Limitation Act 1980 (“The Act”).…
04
Dec 2023
With the new, simpler ‘no-fault’ divorce law now in effect, experts are warning of an increased risk of financial difficulties in retirement Insurer and pension provider Aviva has carried out research which suggests that as couples take advantage of an easier route to divorce, they may not take the time to properly value pensions and…
27
Nov 2023
For those dealing with someone’s estate after their death, the Inheritance Tax bill can come as a nasty shock. It needs to be paid before a Grant of Probate or Letters of Administration is applied for, which can sometimes create difficulties. The current Inheritance Tax threshold is £325,000, meaning that where more than this sum…
22
Nov 2023
In the recent case of Pinewood Technologies Asia Pacific Ltd v Pinewood Technologies PLC [2023] EWHC 2506 (TCC) the High Court held that an exclusion clause in an agreement between the parties did not amount to written standard terms of business and therefore was not subject to the reasonableness test under Unfair Contract Terms Act…
20
Nov 2023
Unmarried couples have far fewer rights than married couples, which can result in difficulties if you separate. A cohabitation agreement helps to ensure that you start a relationship on an open and honest footing, knowing that you will have the financial certainty that you need, should anything happen. A cohabitation agreement can also reduce the…
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