Private Client Issues – August 2023

Welcome to this month’s edition of Private Client Issues, Blake Morgan’s monthly round-up of the topics you may find of interest. It features insight and advice on developments affecting private individuals.

Our teams work both from our offices and remotely and are happy to meet with you virtually, or in person where this is preferred. We have found that many clients prefer the convenience of a video meeting, whilst other prefer face to face, particularly for the first meeting.

Blake Morgan rises up Chambers High Net Worth Guide rankings

Lawyers in the Private Wealth teams at Blake Morgan are celebrating the publication of the 2023 rankings from the Chambers High Net Worth Guide – which recognises the best performing lawyers.

Read more about the recommend lawyers

Spouses set to inherit more under rule change

The government has increased the statutory legacy, which is the fixed sum a spouse or civil partner receives where a person dies without a Will. From 26 July 2023, the new allowance will be £322,000.

Read more about the rule change

Lasting Powers of Attorney: who should I choose to appoint as my attorney?

A valid, registered Lasting Power of Attorney gives your attorneys a great deal of control over your affairs. Therefore, choosing appropriate attorneys is of vital importance.

Read more about choosing attorneys

Inheritance tax and gifting exemptions

What difficulties do executors face when disclosing lifetime gifts to HMRC and how you can make life simpler for your executors? We explore gifting exemptions in more detail.

Read more about gifting

Blake Morgan partner pens menopause handbook for charity

Blake Morgan partner, Jennifer Williamson, is to become a debut author – publishing a handbook offering advice on the menopause and family law, and will be donating all royalties to charity.

Read more about the book

Key considerations for estate planning

It is a very good idea to consider planning for the future, to ensure that you protect your wealth, minimise any potential Inheritance Tax liability and ensure that the people you love benefit the most.

Read more about future planning

If you are impacted by any of the above topics or you would like further information on how we can help you, please contact your usual Blake Morgan adviser. You can also receive regular updates by following Blake Morgan on LinkedIn.