Harrogate based Personal Law solicitor, Mark Jones, looks at the proposed changes in probate fees and the impact on tenants in common.
The problem can often arise in relation to a homemade Will where the wording used does not have the legal effect that was intended. We all know that small changes to the way something is worded can have a big effect.
If you bought a new build property after 2000, my advice would be to review your lease. If you find yourself with a doubling ground rent clause then seek the advise of an solicitor who has expertise in this area of law.
From April 2017 a new, additional, IHT allowance will be introduced (this is known as the “residence nil rate band”). This is an additional nil rate band which will be available over and above the basic £325,000.
It is a constant struggle for solicitors to persuade clients to make Wills and surveys regularly show that more than 60% of adults do not have them.
Most people have heard of the phrase “common law marriage”. You may have even used it yourself to describe your status with your partner. But what does it actually mean? And does a common law marriage really exist?
Head of LCF Law Personal Law Department and charities advisor Neil Shaw, gives an overview of a recent case at The Charity Commission which highlighted the personal risks that can come with acting as a trustee of a charity.
Whilst is often said that couples should stay married and learn to compromise, divorce is sometimes inevitable. With proper planning and careful choices, however, the scars and emotions associated with divorce can be minimised and the process managed within a reasonable time.
If you are a leasehold owner then the value of your home could be reducing with every passing day. If your lease has a term of 80 years or less, and you decide to sell the property, the majority of potential buyers will struggle to obtain finance to fund the purchase. This is because, in the eyes of most banks, a lease of eighty years or less is a short lease. This may affect the saleability of your home so that you struggle to sell the property at a profit.
At present it is a legal requirement for properties to have an energy performance certificate or EPC if a property is sold or rented. Until now however there were no obligations on landlords or tenants to do anything with it. It was a reference tool showing how energy efficient the property was. Soon however, greater obligations will be placed on Landlords and tenants to make their properties more energy efficient.