Q: How are assets divided upon divorce in England and Wales? A: The division of assets upon divorce is guided by the principle of fairness, and judged against “the yardstick of equality”. While equal division of the assets (also known
More about Dividing assets on divorce and the “50/50” splitIn England and Wales, in line with most common law jurisdictions, there is testamentary freedom. Put simply, this means that a testator can leave their worldly assets to whomever they want. In the coming decades, it is predicted that there
More about How easy is it to disinherit your children?A steadily increasing number of couples choose to enter into pre- and post-nuptial agreements in order to safeguard assets in the event of marriage breakdown. These conversations and agreements don’t signify the loss of love; rather, they reflect practicality and
More about Prenuptial agreements: A sign of practicality, not a lack of loveThe main aim of the Terminally Ill Adults (End of Life) Bill is to allow adults aged 18 and over, who have mental capacity and are terminally ill in the final six months of their life, to request assistance from
More about The terminally ill adults (end of life) bill 2024-25Welcome to the latest edition of In Trust. In this edition, we take a look at some key updates affecting private clients and their estate planning. The Autumn Budget 2024 included important announcements that will shape the economy in the
More about In Trust February 2025The start of a new year is the perfect opportunity to review your financial planning and ensure that it aligns with your long-term goals. It is particularly important to review your financial affairs this year in light of the significant
More about Tax planning tips for 2025Please note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. How are the Inheritance tax (“IHT”) rules changing? The Labour government confirmed in its Autumn Budget on 30 October
More about Non-dom reforms: The inheritance tax need-to-knowsPlease note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. Are offshore trusts still efficient for UK tax purposes? The Autumn Budget on 30 October 2024 included confirmation of
More about Non-dom reforms: Let’s talk about trustsPlease note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. UK expats potentially stand to benefit from the changes to the taxation of non-UK domiciled individuals originally announced by the Conservative
More about Non-dom reforms: Q&A for UK returners and expatsPlease note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. I am UK resident but non-UK domiciled (“non-dom”) and have been in the UK for longer than ten years.
More about Non-dom reforms: To stay or to go?