What does the change involve?
Since October 2007 the Mental Capacity Act has had a major impact on Powers of Attorney, introducing a new Lasting Power of Attorney (LPA) to replace the existing Enduring Powers of Attorney (EPA).
Any properly prepared EPA made before October 2007 is valid but you will no longer be able to make a new EPA. General Powers of Attorney remain unchanged. Read Full Article
New tax rules are due to be introduced shortly. This is a quick trip through the main changes. If you are concerned about any of them, contact us to discuss.
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The recent Court of Appeal decision in the case of Charman resulted in the different treatment by the Court of two family Trusts that Mr Charman had set up.
The Court decided that the Trust which had been set up purely for the benefit of the children, would be excluded from the matrimonial assets but the Trust in which Mr Charman retained an interest, by being a potential beneficiary, would be taken into account. Read Full Article
A new Inheritance Tax (IHT) rule will have an impact on how married couples and civil partners consider their estate planning and Wills.
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If you have not signed an Enduring Power of Attorney (EPA) and you become mentally incapable of managing your financial affairs currently an application would have to be made to the Court of Protection to appoint a receiver for you.
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On 1 October 2006, legislation outlawing age-based discrimination was implemented for the first time in the UK. The Employment Equality (Age) Regulations 2006, which implemented a European Directive, were hailed by many as the most significant upheaval in employment law for 30 years. Read Full Article
The Data Protection Act 1998 (DPA) is enforced by the Information Commissioner?s Office which released its annual report in July 2007. It reported that a horrifying number of companies, government departments and other public bodies have reached data protection rules in the past year.
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