Private Client Issues - March 2017
Welcome to this month's edition of Private Client Issues, Blake Morgan's monthly round-up of the topics you may find of interest.
Non-dom changes: Don't hold your breath waiting for the final detail
The draft Finance Bill 2017 released in December contained some (but not all) of the much-needed detail about the significant changes to the taxation of non-doms from April 2017. So what does it mean for your property and tax position?
Marriage and wealth preservation
Where previously pre-nuptial agreements may have been thought of as being reserved for the rich and famous, there has been a notable rise in awareness of the benefits of pre-nuptial and post-nuptial agreements.
Many individuals are now actively considering what would happen financially if their marriage were to break down. Blake Morgan's survey demonstrates the market perception.
Probate court fees set to increase to as much as £20,000 per application
Recent government consultations have confirmed that probate court fees will be imminently restructured to incorporate a 'sliding scale' – lower value estates may have no fee whatsoever, whilst those in excess of £2m may suffer a £20,000 fee.
Electronic signatures – the future for Lasting Powers of Attorney?
Electronic signatures may be the future, but do they carry the same level of certainty and authenticity as a handwritten signature? Blake Morgan considers the potential pitfalls of signing legal documents electronically and the Office of the Public Guardian's ambition to make Lasting Powers of Attorney documentation fully digital.
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.