Cryptocurrency estate planning: lessons from QuadrigaCX

12 April 2019

In a plot line worthy of a Dan Brown novel, the 30 year old CEO and founder of QuadrigaCX, Gerald Cotton, was reported as having died in India at the end of last year, seemingly having taken the passwords to the company’s cold storage wallets with him to his grave.

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Gifting millions under Lasting Power of Attorney: the JMA case

4 October 2018

One of the less talked about implications of losing capacity in old age is that Inheritance Tax (IHT) planning often becomes impossible without court intervention.  Incapable wealthy family members cannot make gifts because they lack the capacity to authorise them.  Even if they have had the foresight to sign a Property & Financial Affairs Lasting […]

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IHT relief and holiday homes: has the tide turned?

6 September 2018

Confidence in claiming Inheritance Tax (IHT) Business Property Relief (BPR) in relation to holiday homes has been at a low ebb in recent years, following a string of cases that have ultimately gone against the taxpayer.  However, in the recent case of Graham v HMRC ([2018] UKFTT 0306 (TC)), the taxpayer was victorious.  Has this […]

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Domicile dramas

26 July 2018

Many advisers have to grapple with the sometimes difficult question of establishing their client’s domicile. A client’s domicile is fundamentally important in a diverse range of English legal and tax areas, such as whether: a client can bring divorce proceedings in the UK; a client is liable to UK Inheritance Tax on worldwide assets as […]

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Trusts v FICs: which is best?

15 March 2018

Is a company or a trust the best vehicle to hold family money? Companies can be used to hold family wealth. Often referred to as Family Investment Companies (FICs), at their simplest they can be seeded with funds by subscribing for shares or, if continued access to family wealth is needed, by way of loan […]

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Out of time Inheritance Act claims: lessons from the Sargeant case

1 February 2018

Mrs Mary Sargeant’s case is a classic example of why advisers of bereaved widow(er)s are ideally placed to help their clients consider whether sufficient provision has been made for them under their deceased spouse’s Will.  The problem, as Mrs Sargeant found out, is that this is sometimes not obvious even a number of months after […]

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The best Christmas present for your family: a discretionary trust?

30 November 2017

It’s beginning to look a lot like Christmas out there, as Bing says.  Thoughts turn to what gifts to give our family.  When it comes to making big gifts to family members, though, in lifetime or on death, still not enough people think of using a trust. Many people hardly know what a trust is; […]

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A new look for The Wealth Lawyer UK

26 October 2017

We’ve given our Private Wealth blog, written by partner Helena Luckhurst and team, a refresh! Discover bite sized legal briefings on the UK wealth structuring, asset protection and tax issues affecting your HNW clients, every fortnight. And now you can register to receive briefings by email.

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Legal 500 ranks Fladgate’s private client team

26 October 2017

Fladgate LLP is delighted that its private client team has been ranked for ‘personal tax, trusts and probate’ in the recently launched 2017 edition of the Legal 500 Guide to the UK Legal Profession. Editorial states: Matthew Bennett heads the department at Fladgate LLP, and advises UK and foreign nationals and their families on the […]

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Can you disinherit your children if you want to?

20 September 2017

You may recall that, a couple of years ago, the English press was full of reports of the Will case of Ilott v Mitson.  (For some background on the case, see my 2015 and 2017 blogs about it.) The case was of interest to any testator who is considering cutting out children from their Will.  […]

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