Trusts can be a useful way of maintaining an element of control over what happens to your assets when you die. They can also, if used correctly, be a good way to reduce your inheritance tax. In this blog we look at what trusts are and how they work, some of the different types of trust, calculating tax on trusts and getting the right advice. The rules surrounding inheritance tax planning are complex, and so it’s best to get tailored advice before deciding what’s right for you.
It is with great sadness that we report the death of our friend and colleague, Francis Whitehead, at the age of 55. We extend our heartfelt condolences to Brian his Partner and all his family. Francis fought his illness with courage and stoicism.
A person who occupies land belonging to someone else without permission (i.e., without a formal licence or lease, or a verbal consent) is a Squatter. A Squatter can become the lawful owner of land by virtue of adverse possession after a certain period of time. To be in adverse possession, a Squatter must show factual and physical possession of the land and at the same time, show that he or she has the necessary intention to possess the land, which means excluding everyone from the land, even the true owner.
How many decisions did you make today? Did you choose what you wore, ate, where you slept, how much you spent, who you spoke with and where you went? Perhaps without realising it, you make hundreds of decisions – big and small – every day. Some decisions feel onerous and we labour over them, while others we reflexively quip exactly what it is we want.