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Distributing the gifts in an estate after probate

Distributing the gifts in an estate after probate

When dealing with the administration of an estate, distributing the gifts is one of the final stages. It is important that executors do not make distributions too soon, to protect themselves and the estate against debts or claims. Executors are advised not to pay out...
When should a lay trustee consult a solicitor?

When should a lay trustee consult a solicitor?

‘Trusts are typically used to preserve assets for loved ones in private client estate planning, and many trusts are fairly inactive a lot of the time,’ says Jaime Denega, a solicitor in the wills and probate team with Wollens in South Devon. ‘Often action is only...
Payroll department get a short lie-in on New Year’s Day

Payroll department get a short lie-in on New Year’s Day

When it comes to New Year’s Day 2024, the payroll department can expect a lie-in, even if a short one, as changes to holiday pay coming into effect that day have been scaled back. The changes were expected following the UK’s exit from the European Union, and while...
Charity premises and land transactions – avoid the traps

Charity premises and land transactions – avoid the traps

Charities enjoy favourable tax status but must follow a range of statutory rules, and this includes obligations in regard to leasing premises and property transactions.  The trustees must take care to follow the proper process if they want to sell or let their land or...