Powered by Lexis+®
Jurisdiction(s):
United Kingdom

UK Private Client update: trusts rectification, LPA certificate duties, capacity procedure, Finance Bill and HMRC changes, BPR decision, ‘failure to prevent fraud’, digital assets bill, Harrow cy-près

Published on: 14 November 2024

Published by a LexisNexis Private Client expert
Legal News
imgtext
Article summary

In this issue:

  • Trusts
  • Powers of attorney and advance decisions
  • Older and vulnerable clients
  • UK taxation for private client
  • Updates to HMRC Manuals
  • Tax avoidance, evasion and non‑compliance
  • Budgets and Finance Bills
  • Family businesses and ownership structures
  • Digital assets and cryptoassets
  • Charity and philanthropy
  • Contentious trusts and estates
  • Scotland, Wales and Northern Ireland
  • Question of the week
  • Daily and weekly news alerts
  • LexTalk®Private Client: a Lexis+® community
  • New and updated content
  • Dates for your diary
  • Trackers
  • Latest Q&As
  • Useful information

Trusts

Rectification used to validate scheme amendments despite defects in their execution (Ballard v Buzzard)

In Ballard v Buzzard [2024] EWHC 2765 (Ch), a pensions matter, the High Court concluded that the amending deeds were effective notwithstanding absent trustee signatures, on the basis that the relevant signature blocks could be rectified, in particular those of Mr Beauchamp...

  • For the 2001 deed—where no copy bearing every trustee’s signature could be located—the evidence showed a fully executed version had once existed but been lost, and that all trustees, including Mr Beauchamp, had signed it...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow