After being in a relationship for a two years, Monica and Tim decided to get married. Both were in their forties. Tim had been married once before and wanted to be clear on his financial position in the unfortunate event that his marriage with Monica also ended in divorce. Monica’s parents were very wealthy and … Continued
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Administering an estate is a significant legal responsibility that involves many legal, financial, and administrative tasks, especially if the estate is multi-jurisdictional with properties, shareholdings, and investments. An individual must appoint a personal representative (also known as an executor and trustee) under the terms of their Will to administer their estate on their death. Often, … Continued
Streathers Solicitors secured an emphatic win for the Claimant following a 4-day High Court trial in Maria Jesus El Massouri v Omani Estates Limited [2024] EWHC 534 (Ch). The case has been widely reported in the press, with articles in The Times and The Telegraph amongst other papers. The judgment concerns important and evolving areas of … Continued
The UK has always been a preferred onshore jurisdiction for high net-worth individuals, as the current regime allows individuals who are resident in the UK but not domiciled in the UK (“non-dom”) to opt in to being taxed on the remittance basis. In short, the remittance basis provides tax relief for non-dom individuals as foreign … Continued
The King’s Speech on 7 November 2023 proposed reform through the planned Leasehold and Freehold Bill which is due to be put in front of Parliament later this month. The Bill is intended to make it cheaper and easier for more leaseholders to extend their lease, buy their freehold, and take over management of their … Continued
Mariel Cruz looks at the many ways that you can resolve a family dispute without recourse to court proceedings. Non-court dispute resolution (also known as alternative dispute resolution) refers to the variety of ways in which you can resolve a family dispute without recourse to court proceedings. We set out below a summary of some … Continued
Once you have come to the difficult decision that your marriage is over, the next step is to ascertain how the finances will be divided between you and your ex-partner. To do this, you must first figure out what finances there are. What is financial disclosure? Financial disclosure is the process of exchanging information about … Continued
As we all know, the summer holidays can be a stressful time of year for any parent. Childcare, work schedules and holiday plans are but a few of the things that parents must juggle during this time. As a co-parent, the summer holidays can be particularly challenging. However, there are some things that you can … Continued
In a recent US Security and Exchange Commission filing, an increasingly high-profile car manufacturer announced it had bought $1.5 billion in a major digital currency – bitcoin – and that it would in due course accept the currency in payment for its vehicles. A US media outlet also recently reported that digital currency also has … Continued
On 3 November 2020, we reported the implications of the first instance judgment in FCA v Arch Insurance (UK) Ltd & Ors in our Insights article here. Now, the Supreme Court has handed down judgment in the Financial Conduct Authority’s (FCA) appeal and it has been hailed as a victory by many small businesses. As … Continued
