13 May 2024 News Navigating family matters across international waters Melissa Lesson joins Mills & Reeve’s family team in London to enhance the practice’s client offering and international network. Bookmark this page 2 min read
7 May 2024 Insight “1 + 1 = 2” – Why this simple equation may have impact for fiduciaries An article considering the discussion of fiduciary duties, conflicts of interest and the rule against self-dealing in the case of Irwin Mitchell Trust Corporation v PW & Anor [2024] EWCOP 16. Bookmark this page 5 min read
3 May 2024 Insight Understanding attitudes to IHT in the face of reform To paraphrase Benjamin Franklin there are two certainties in this world, death and taxes, and it therefore stands to reason that nothing could be more certain than Inheritance Tax (IHT). With the Institute for Fiscal Studies (IFS) making a renewed call for reform of IHT relief, it provides a good opportunity to look at public perception of IHT, how it works in practice, and whether any kind of reform is on the horizon. Bookmark this page 5 min read
19 April 2024 Insight Common issues with LPAs and how to avoid them A Lasting Power of Attorney (LPA) is a legal document where one person (often referred to as the donor) gives another person the right to make decisions on their behalf. Bookmark this page 4 min read
12 April 2024 Insight Commentary on Savage v Savage – “More like guidelines than actual rules” The Court of Appeal recently handed down judgment in Savage v Savage, a case concerning the factors to be considered by a Court when deciding whether to grant an Order under s.14 of the Trusts of Land and Appointment of Trustees Act 1996. Bookmark this page 4 min read
5 April 2024 Insight Private Residence Relief – a brief summary Angela Rayner has been in the news again recently, with questions persisting over whether she correctly declared capital gains tax on the sale of her house in 2015. Bookmark this page 3 min read
26 March 2024 Insight Spring Budget: How does it impact trusts and property? On 6th March 2024, the chancellor Jeremy Hunt’s Spring Budget featured tax changes of interest to trusts which hold property investments. Bookmark this page 2 min read
22 March 2024 Insight A letter to the 12th Duke of Halstead on his estate planning The Gentlemen, Guy Ritchie’s hit new Netflix series, sees the 13th Duke of Halstead inherit his father’s estate, only to discover that he's actually inherited a criminal empire. The family’s lawyer is seemingly unaware of the concept of inheritance tax and it appears that the deceased Duke would've benefitted from some better estate planning advice before his death. In this tongue and cheek letter to the late Duke, Alison Chaloner considers the advice she would've given had he instructed the Mills & Reeve private client team before his death. Bookmark this page 5 min read