News & Analysis as of September 20, 2024

Estate Planning › United Kingdom

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

UK Court Clarifies Important Issues Relating to Proprietary Interests in Trust Assets

Latham & Watkins LLP on 2/14/2022

The Court of Appeal ruled that losing proprietary rights under foreign law could invalidate personal claims against third party recipients of trust assets. On 27 January 2022, the UK Court of Appeal unanimously dismissed...more

[Webinar] 2021 Trust & Estate Controversy Forum - September 23rd, 9:30 am - 1:30 pm PDT

McDermott Will & Emery on 9/9/2021

Join us for an interactive webinar focusing on multifaceted issues impacting fiduciaries and beneficiaries in the administration of trusts and estates. We’ll highlight how to effectively manage controversies when they...more

Remote Witnessing of Wills: A Step in the Right Direction

McDermott Will & Emery on 2/10/2021

The COVID-19 pandemic has highlighted the benefits of post-death planning, whilst also giving individuals the much-needed down-time to reflect on their wishes. This has brought about a flurry of requests for new wills to be...more

UK trust register: which trusts have to register? - decision-tree for trustees

BCLP on 10/23/2020

The expansion of the UK trust register (to comply with the EU Fifth Money Laundering Directive ) means that many more trusts including some bare trusts and some non-UK resident trusts that have no liability to UK tax must now...more

Where There’s a Will There’s a Way – Executing Wills During COVID-19

McDermott Will & Emery on 3/31/2020

In these uncertain times, many clients are considering putting their affairs in order—just in case the worst should happen. This is an entirely natural reaction to the advancing Coronavirus (COVID-19) epidemic. But where a...more

If I Could Turn Back Time: Rescinding trust instruments on the basis of mistake

BCLP on 12/4/2019

Two recent High Court cases have considered the principles underpinning the Court’s power to set aside or rescind a voluntary disposition on the grounds of mistake. In the cases of Hartogs v Sequent (Schweiz) and Payne v...more

Court intervenes to break trustee deadlock

BCLP on 9/16/2019

The English Court has taken the exceptional step of intervening to exercise a discretionary power where deadlocked trustees could not reach unanimity. The case of AB v CD provides useful authority for trustees who face the...more

US/UK tax series: Estate planning issues for US/UK couples

BCLP on 9/10/2019

If you are a US citizen and your spouse or civil partner is not you need to ensure you have appropriate estate planning in place to avoid your heirs getting an unexpected tax bill following your death. In this guide we...more

Estate Planning: Protect and Plan for the Future

Womble Bond Dickinson on 3/12/2019

Entrepreneurs and business owners are naturally – and rightly - focused on running and growing their businesses, particularly with Brexit looming, along with other seismic changes in the global economy. But this can mean many...more

Resealing Foreign Grants: A Step-by-Step Primer

McDermott Will & Emery on 10/17/2018

The process of resealing a grant of probate or letters of administration in the English courts is often required where a deceased individual held assets in England or Wales but was living in a different country. This...more

Aretha Franklin: The Future of Another Musical Icon’s Estate Left Uncertain

BCLP on 9/12/2018

The music world was left mourning the death of another legend recently with the passing of the Queen of Soul, Aretha Franklin. A woman with a voice full of power and emotion, her death leaves a musical landscape with few (if...more

Trump Administration's Perception in the UK

Womble Bond Dickinson on 2/15/2017

It’s fair to say that Donald Trump’s surprise victory in the US Election in November was not universally welcomed. In the UK, it was widely reported that as the result unfolded, the Canadian immigration website crashed...more

2016 Year-End Estate Planning Advisory

Katten Muchin Rosenman LLP on 11/22/2016

In 2016, we continued to experience a period of relative stability in our federal transfer tax system and have been able to plan without expecting imminent significant changes to the system. Under the American Taxpayer Relief...more

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Estate Planning › United Kingdom

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