The Inheritance and Trustees’ Powers Act 2014 came into force on 1 October this year. In this briefing, Bond Dickinson explains the changes to the law and the impact that these may have upon you, using examples of cases to illustrate how the law has changed in practical terms.
Law Firm: Bond Dickinson | Published: 29 October 2014 | Practice Area: Wills and Probate
Guernsey and Jersey are not part of the UK and are separate independent jurisdictions for probate purposes. It is not essential for you to have a separate will to cover your Channel Island assets, but there are certain benefits, as this Carey Olsen briefing explains.
Law Firm: Carey Olsen | Published: 07 October 2014 | Practice Area: Wills and Probate
This Carey Olsen briefing looks at the key issues around probate and estate planning administration for non-Guernsey domiciliaries, including document requirements, why domicile is so important, the definition of executor/administrator and more.
Law Firm: Carey Olsen | Published: 26 September 2014 | Practice Area: Family Law
Guernsey is an independent legal jurisdiction for estate administration purposes. When a person dies leaving assets in Guernsey, it is likely their personal representative will need to obtain a Guernsey Grant of Probate or Administration to receive the Guernsey assets, as Carey Olsen explains.
Law Firm: Carey Olsen | Published: 22 September 2014 | Practice Area: Succession Planning and Trusts
In this briefing, Mourant Ozannes reports on a case in which the Royal Court of Jersey concluded that it has power under its inherent jurisdiction to sanction a compromised settlement of litigation reached by the plaintiff, on behalf of a minor.
Law Firm: Mourant Ozannes | Published: 19 September 2014 | Practice Area: Litigation
The English Law Commission has concluded that couples should be allowed to decide in advance how their assets will be shared if their relationship comes to an end, by preparing a "qualifying nuptial agreement". Carey Olsen looks at how the Jersey and Guernsey courts might deal with such agreements.
Law Firm: Carey Olsen | Published: 14 July 2014 | Practice Area: Family Law
HM Revenue & Customs has issued a third consultation document on the inheritance tax regime for trusts. This new consultation goes further than previous consultations by setting out specific proposals for new legislation and the timing of its introduction, as this Macfarlanes briefing explains.
Law Firm: Macfarlanes | Published: 18 June 2014 | Practice Area: Inheritance Tax
The Foreign Account Tax Compliance Act (FATCA), which takes effect on 1 July this year, has implications for many 'financial institutions' which may otherwise be unaware, such as professional trustees, trusts and family offices. Macfarlanes looks at reporting obligations under the new regime.
Law Firm: Macfarlanes | Published: 16 June 2014 | Practice Area: Regulation and Compliance
This case concerned an application by the Representors, in S and his mother WS to set aside the E Trust on the grounds of mistake. The judgment is a further orthodox application of the existing, well settled principles of equitable mistake established in Jersey law, as Carey Olsen reports.
Law Firm: Carey Olsen | Published: 03 June 2014 | Practice Area: Succession Planning and Trusts
This is the latest in a line of decisions of the Royal Court concerning an application to set aside a trust for mistake. It is the first decided case after the new Articles 47B to 47J of the Trusts (Jersey) Law 1984, as amended, came into force. Carey Olsen takes a detailed look at the case.
Law Firm: Carey Olsen | Published: 30 May 2014 | Practice Area: Succession Planning and Trusts
As a member of Legal Week Law you will receive free access to our library of legal briefings from world’s leading law firms. Briefings are easy to find and constantly being updated. You can also discover what briefings your peers in other companies are looking at.