David Wilkinson sets out the key principles to be applied in cases involving obligations owed by the parties and what may categorise a debt as hard or soft A hard obligation should appear on the judges’ computation table but where an obligation is in the category of a ‘soft’ obligation or loan, the judge may …
Continue reading "Liabilities: Minding your P v Q"
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Rupi Rai reviews the courts’ treatment of debts in financial proceedings, particularly in cases involving family loans ‘The courts consider the steps taken by all parties when money is loaned very carefully, together with the behaviour of parties after the money is loaned, and when and why the loan is recalled.’ The family courts are …
Continue reading "Liabilities: A question of obligation"
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Wills & Trusts Law Reports | October 2016 #163The claim was by the administrator of the estate of Norman Tovey (the deceased), seeking directions as to whether the estate should accept and make provision for four alleged liabilities. The deceased’s assets amounted to around £160,000, with £83,000 uncontested liabilities. The alleged liabilities, if valid, would exceed £500,000.
Following the renunciation of the two executors appointed under the deceased’s last will dated 4 November 2011, the deceased’s mother, Mrs Tovey, was appointed administrator of the estate. Because of her age, Mrs Tovey appointed the c...
