The Government’s October Budget 2024: Inheritance tax, Wills and those who need to review their Wills.
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It is important to note that the changes which are discussed hereafter are ONLY applicable for those with certain types of Wills and certain types of assets, and that it is only relevant for those with such Wills and assets who die AFTER 6th April 2026. Before that time, the existing rules apply (which are not […]
Budget Bingo – The Results are In!
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In our article published 22 October 2024 we speculated as to what the Chancellor might announce in respect of changes to aspects of the current tax regimes that affect the Private Client market. Much of what was announced had already been leaked, so there were no huge surprises. Certainly, the Chancellor did not go as […]
Tips to think about if you are considering a Divorce
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Think about how you would like to resolve things with your spouse. If you have children, it will probably be very important to you that you remain on at least civil and hopefully, amicable terms, so you can continue to communicate openly about your children and co parent them in the best way possible. You […]
Budget Bingo – What can we expect from the Chancellor’s Autumn Statement?
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A hot topic of conversation amongst Private Client professionals is speculating precisely what the Chancellor will announce on 30 October regarding Capital Gains Tax (CGT), Inheritance Tax (IHT) and associated reliefs. We know change is coming, and with our Bingo cards at the ready, what can we expect potentially? It is important to emphasise that […]
What is the role of a solicitor when buying a house?
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Buying a house is one of the biggest investments you will make during your lifetime, and we aim to make this process as smooth and stress free as possible for our clients. We would advise you to get in touch with us to obtain a quotation for our services either when you begin your […]
The Question of Ownership? Joint Tenants vs Tenants in Common
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The Question of Ownership is one that will arise within the early stages of owning a property, whether it is with a spouse, family member or friend. In the UK there are two ways to hold property – as Joint Tenants or Tenants in Common. Both share fundamental differences which could impact the potential sale […]
Have you got a standard form trust and require advice on what you can do as a trustee? Buss Murton Law can help.
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Once upon a time, only the very wealthy had ‘trusts’ and the drafting work was carried out exclusively by solicitors. Times have changed, and often things like ‘discounted gift trusts’ or ‘gift and loan trusts’ and ‘investment bonds’ are sold, and often come with a free at point of use trust documentation from the product […]
What to consider from a legal perspective upon receipt of a dementia diagnosis
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There are an estimated 982,000 people living with dementia in the UK, with this number anticipated to increase to over 1.4 million by 2040. One in two of us will be affected by dementia in our lifetime, either by caring for someone living with the condition, developing it ourselves, or both. Being in receipt of […]
Care Costs and paying for them – fact amongst the hyperbole
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It is very easy to be led astray by headlines such as: “Hated Dementia tax is back as Labour threatens your home, savings and inheritance.” The reality is more nuanced and interesting – various governments have flirted with reform which could have lessened the impact of paying for care for much of ‘Middle England’ who […]
Assessing Mental Capacity
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Almost every aspect of life requires a decision to be made, whether subconsciously, or otherwise. Whether an individual has mental capacity is a key consideration for all legal advisors. To take instructions from a client, a practitioner must be satisfied that that individual has mental capacity, i.e. that they are able to make a decision. […]