When someone dies, the assets, money, property and investments that make up their estate will pass to their beneficiaries. This process is overseen by the Executor – the person identified in the Will as responsible for carrying out the deceased’s wishes. The Executor also has responsibility for paying off any debts and taxes due.
The cost of care later in life can have a significant impact on how much of your estate will pass to the people and causes you care about. If you find yourself unable to continue living at home, this may substantially reduce your children and grandchildren's inheritance.
Here, our Estate Planning Solicitors provide guidance on how your contribution to care costs are calculated and the steps you can take to protect your wealth.
Company directors have a range of duties and responsibilities when it comes to representing and promoting their company. A recent court case serves as a useful reminder that directors must not act dishonestly and that, by turning a blind eye to dishonest conduct by a third party, a director may leave themselves open to a claim for fraudulent trading.
There is a lot of confusion and conflicting information about whether or not the conveyancing market is effectively ‘on pause’ during the current pandemic. In this article, we summarise the current position (as at 1 April 2020).
On 26 March the Government issued advice on home moving during the coronavirus (COVID-19) outbreak.
Trusts are used to manage wealth for those you would like to benefit from your estate in the future. They can also be used to protect assets so that more of your estate can be passed to the people and causes that are important to you. In this article, our Estate Planning Solicitors provide information on some of the different types of trust you can set up and their advantages.
During this time of uncertainty and turmoil, with lots of companies shutting offices due to COVID-19, our work still continues.
At Wilford Smith it is ‘business as usual’ and our Business Continuity Plan along with our infrastructure allows us to continue operations.
A banker under investigation for insider trading has been charged after deleting WhatsApp messages in what is the first case of its type in the UK.
The case, brought by the Financial Conduct Authority (FCA), is the first time that the financial watchdog has charged an individual with the offence under the Financial Services & Markets Act. Destroying documents and other evidence is also a crime in other circumstances under the Criminal Justice Act.
Making a Will is hugely important. Doing so ensures that, when you die, your wishes are followed and the money, property and other assets you hold will be passed on to the people and causes that you care about most. Mirror Wills are an option chosen by many couples – but what are they and is it a good idea to make one?
Successful commercial property investment requires considerable research and knowledge – such investments involve large sums of money, potentially significant returns and big risks. Carrying out due diligence is key to maximising your gains and minimising risk. Having a comprehensive understanding of the basics of commercial property investment will stand first-time buyers in good stead, helping you avoid the potential pitfalls that can create problems down the line.
Click below to confirm you are not a robot: