September 2018 #199 – Law Journals

Forfeiture: Shades of grey

Mike Muston outlines the extent of judicial discretion when considering relief from the forfeiture rule ‘The forfeiture rule will apply regardless of the moral culpability of the offender. However, the application of the rule is merely the default position and clearly there will be cases at different ends of the spectrum.’ The recent case of …

Continue reading "Forfeiture: Shades of grey"

This post is only available to members.

Trusts and joint bank accounts: Check your admin

Danielle Dennis-Betts explores an influential Privy Council decision on how funds in a joint bank account should be treated on the death of one account holder ‘Perhaps the most important point to be considered in the case is what weight should be attached to an account opening agreement, signed by all holders of the bank …

Continue reading "Trusts and joint bank accounts: Check your admin"

This post is only available to members.

Book review: Too much information?

Jo Summers reviews the first edition of a book aimed at enlightening practitioners on the handling of digital information The Digital Estate (1st ed) Author: Leigh Sagar Published by: Sweet & Maxwell ISBN: 9780414061903 I have a confession. When I was first asked to review this book, I misread the title. I read ‘Digital Assets’, …

Continue reading "Book review: Too much information?"

This post is only available to members.

Lasting powers of attorney: When lay means laissez faire

How does the court approve retrospective payments to attorneys who have exceeded their powers? Geoffrey Kertesz and Helen Fry discuss ‘The case is an emphatic reminder of the need to choose an attorney with the ability (and inclination) to engage fully with their duties.’ The Court of Protection in Re HH [2018] has returned to …

Continue reading "Lasting powers of attorney: When lay means laissez faire"

This post is only available to members.

Guest editorial: Transatlantic transfer?

Simon Weil welcomes the possibility of using living legacies in the UK ‘Logistically, the introduction of living legacies should be relatively straightforward since analogous income tax reliefs already exist for gifts of quoted securities and land to charity; the existing legislation could simply be extended in a finance bill.’ Living legacies, taking the form of …

Continue reading "Guest editorial: Transatlantic transfer?"

This post is only available to members.

Succession planning: Continental drift

Usufructs: traps for the unwary or planning opportunities? Mara Monte weighs up the pros and cons ‘It is important to be aware that having an usufruct arrangement over a portfolio will most likely give rise to an ongoing UK capital gains tax liability in the hands of a UK-resident bare owner.’ Usufruct arrangements are commonly …

Continue reading "Succession planning: Continental drift"

This post is only available to members.

Criminal Finances Act 2017: New tools for UK government in fight against economic crime

Marcus Pallot and Julia Schaefer examine the effectiveness of new powers including unexplained wealth orders ‘The effects of the unexplained wealth order (UWO) are punitive, and failure to comply gives rise to a rebuttable presumption that the property is recoverable as the proceeds of crime.’ The UK Criminal Finances Act 2017 (the CFA) has been …

Continue reading "Criminal Finances Act 2017: New tools for UK government in fight against economic crime"

This post is only available to members.