Uncategorised Archives - Page 8 of 12 - Buss Murton

Category: Uncategorised

When is a Contract a Contract?

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When you’ve signed on the dotted line, right? Wrong! You could be tied into legally binding agreements before the terms of a formal contract have been agreed and signed.

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The ‘Baby Boomer’ generation, intergenerational wealth and concerns re financial prudence.

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Many of the over 55s wish to retain some control over how any money they leave to their offspring is spent.

The recent growth in pensioner wealth and the obstacles to accessing the property ladder for many of the younger generations mean that a large portion of the older generation will bequeath large sums to children and grandchildren, and that the younger generation will not have had the experience of making decisions regarding such large asset values beforehand.

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Brexit, Brussels IV and Holiday Homes

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Prior to August 2015, there was no unified system of succession law for those who were domiciled and habitually resident in England and Wales but who owned assets, such as a holiday home, elsewhere in Europe. This caused added expense when dealing with assets in Europe, and it was difficult to predict whether the intended beneficiary would inherit in line with the Testator’s intentions.

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“Cheap” legal solutions can prove costly

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The BBC has recently reported the case of a mother who, feeling that she was unable to afford solicitors, lost thousands of pounds to an organisation promising to help with her court case.

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