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Bloomsburry Family law

Wills, Trusts & Probate

Planning Appropriate Life Interest Wills For Second Marriage Situations

Ralph Rays article (Volume 1 Issue 6) raises some interesting points on good practice and it may be helpful to look at possible areas where complaints could be raised by disappointed beneficiaries (who are only too alert these days to demanding higher standards of expertise by solicitors and other professionals).

Self Assessment for the Elderly: How Trusts will be affected

Perhaps the most common form of Will Trust, after provision for the very young, is the provision of an income for an elderly dependent, often the widow. The provision may of course be the simple grant of a life interest or, where substantial sums are involved and other considerations apply, the trustees may have certain discretions. It is estimated that a very substantial proportion of all Will Trusts are administered without professional help, and many of these may have existed for years without the need for formal annual accounts. The income from the trust investments has been mandated to the tenant for life and as often as not the investments have lain undisturbed (save for the occasional take-over or rights issue) from year to year.

Wills for Unmarried Partners

In the last issue of ECA, Ralph P. Ray examined the importance of providing the most appropriate Will for second marriage situations. Following on from this article Anne Edis examines the subject under the increasingly common circumstance of the partners being unmarried

Trust Law in Practice

In a slight departure from his series on Trusts and their uses, Bob Trunchion switches to look at a couple of recent cases where practitioners have come unstuck due to either poorly worded Trust documentation or lack of knowledge of how the schemes work

Problems for Professional Advisers

Emma Chamberlain is head of the Tax Trust and Probate Department at Cole and Cole, a Thames Valley firm of solicitors, and as a member of the Secretariat of the Tax Law Review Committee has recently helped to produce a report on tax simplification. Here she looks at some issues that need to be considered when advising elderly clients

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