Related insights: Private Wealth

French succession planning

28 Oct 2020
Anybody who lives in England and owns property or other assets in France will know that there are many differences between the French and English legal systems, particularly when it comes to succession law and taxation. For many families French forced heirship rules can make it difficult to provide what they believe is a fair division of their assets on death. However, for English nationals, with careful planning it is possible to overcome the legal and language barriers and ensure that their French assets will pass on death in accordance with their wishes.

Top tips for Americans purchasing UK residential property

06 Oct 2020
The UK residential property market is currently experiencing high levels of activity as buyers look to take advantage of the temporary Stamp Duty Land Tax reduction. James Radcliffe (who specialises in tax planning for Americans living in the UK) set outs his top tips to be aware of for US citizens considering the UK housing market.

Crossing the border: wealth protection in England and Scotland

01 Sep 2020
In July, the UK Supreme Court handed down its decision in the case of Villiers v Villiers (2020 UKSC 30) which considered whether the Courts of England and Wales have the power to interfere in Scottish divorce proceedings. The case involved a couple who had lived together in Scotland.

Why and how to protect your digital assets

31 Jul 2020
Unless you take positive steps your digital assets could be lost if you die or become incapacitated. If you do nothing else, check that your Will deals with your digital assets and make sure your digital identity is protected so that it cannot be misused after your death.

Rumblings about a wealth tax…

22 Jul 2020
There has been some concern amongst individuals, families and their advisors that UK policymakers may be considering introducing a form of wealth tax. Specifically, the Institute for Fiscal Studies (IFS) has now put together a multi-disciplinary project to examine the arguments for and against. The project is being run by Arun Advani (professor of economics at Warwick), Emma Chamberlain, (a well-known tax barrister) and Andrew Summers (an assistant professor at the LSE).

The Bank of Mum and Dad: helping out your children financially

05 Jun 2020
Most parents want to help out their children financially at some point in their lives, whether with college or university costs, their first car, their first step on the property ladder or any number of other things. The financial challenges for many are more acute at the moment, due to the coronavirus outbreak and its impact on the economy, job security, income levels and the availability of loans and mortgages, so more young families may be looking to their parents for help. Whilst the intentions are always good, problems can and do arise, and some may find their way to the courts. So, there are various "Dos and Don'ts" to bear in mind when supporting children financially.