Private Client Update

28/05/2020

While this period of lockdown is proving an ideal time to turn our attention to many chores, some tasks still remain less appealing. Sadly, Covid-19 is an unwelcome reminder of our mortality and precisely the reason why it is sensible to be prepared for the worst. Now is an ideal time to turn your attention to your Will, Lasting Powers of Attorney and estate planning.

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Susan Clifford

28/05/2020

Wansbroughs is very sad to share with you that Susan has passed away, following her second battle with cancer. She leaves her husband Stephen and two boys.

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Thinking of escaping to the country?

21/05/2020

In light of recent events, and the low rates of infection in the South West, you may be looking to relocate from London to Wiltshire or surrounding counties. For anyone making this lifestyle decision, Wansbroughs' private client department can assist you with putting your affairs in order, and our private client property team has a wealth of experience in selling and buying houses both in the London market and in more rural locations.

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Private Client Update

14/05/2020

The need to appoint guardians to look after your children is often overlooked in modern society, as there is an incorrect assumption that they will be looked after by your nearest and dearest in the event that parents die before their children reach the age of 18. This is not necessarily the case. Why do I need to appoint Guardians? If both parents die before their children reach the age of 18, then the children are classed as orphans. If you have not appointed your chosen guardians, for example in your Will, then the Court will decide on the appointment of their guardians. How confident are you that the Court will choose the same people that you would have chosen to take care of your children? What happens to the children whilst the Courts are making a decision?

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Private Client Update

07/05/2020

You can DIY… but with estate administration, why would you? DIY stores may have reopened but estate administration is still one thing you may prefer not to do yourself. Here are just a few of the ways in which Wansbroughs is able to help. Executors’ Personal Responsibility If you are appointed as an executor, you will be personally liable for administering the deceased’s estate correctly. This means that before you distribute the estate under the terms of the Will of the deceased, you must pay the correct amount of inheritance tax (IHT), capital gains tax (CGT) and income tax owed by the estate. You must also ensure you are aware of and pay all debts owed by the deceased. If you distribute the estate to the beneficiaries and then discover the estate owes HMRC or a creditor, you as executor might have to settle the outstanding tax or debt from your own personal funds. Wansbroughs can help you to understand your duty and protect you against such liability.

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COVID-19 – THE STATUS OF POSSESSION PROCEEDINGS

05/05/2020

Pre-Court Proceedings Residential tenancies - From 26 March 2020 a Landlord of a property let out on an Assured Shorthold Tenancy must now give 3 months’ notice in the eviction notice (for both a Section 8 and Section 21 notice).

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