Blogs

Severing a Joint Tenancy

Severing a Joint Tenancy

There are two ways in which joint owners might own a property; either as beneficial joint tenants or as tenants in common. Those owning a property as beneficial joint tenants will own the property in equal shares and on the death of one, their share will automatically...

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Statutory Legacy – What Changed?

Statutory Legacy – What Changed?

From 26th July the Statutory Legacy increased from £270,000 to £322,000, that is the amount your surviving spouse or civil partner will inherit under the rules of intestacy. The rules of intestacy are a set of legislative rules which come into effect when a person...

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Facing Dementia…

Facing Dementia…

There are over 850,000 people in the UK suffering from dementia- a figure set to rise to one million in 2025 due to our increasing life expectancy. Diagnosis at any age can be devastating for the patient, their friends and their family.  But there are steps that can...

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What happens to pensions on divorce?

What happens to pensions on divorce?

Along with the house, the pension pot is one of the largest financial assets in the family.  You & your spouse might have a mix of his, hers, theirs, and yours but all need to be correctly valued and assessed within the context of an emotional and economic family...

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Lease Extensions

Lease Extensions

If you own a leasehold property in England, it’s essential to know the terms of your lease and how long it’s valid for. Most residential leases have a lifespan of 99 to 125 years, and if you’ve owned your property for a while, the lease may be approaching its end...

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Is Capital gains Tax payable upon separation?

Is Capital gains Tax payable upon separation?

At the moment, separating couples have until the end of the tax year in which they separate to transfer assets including property other than the main residence without incurring CGT. This means that tax on any gains resulting from the transfer are not payable until...

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