It is not uncommon for our newly separated clients to present us with a financial split that they have already agreed between them following the decision to separate. This is often based upon what they understand the matrimonial assets and liabilities to be. Whilst this can be an excellent starting point and evidence that both … Continued
Those of you who have written a Will may have seen that the Society of Trust and Estate Practitioners (STEP) Standard Provisions have been included in the Will in either their original or more latterly, 2nd edition. The Standard Provisions are administrative powers available to the executors and trustees of a Will to assist them … Continued
Don’t wait until the school holidays are here to work out parenting arrangements. Now is the time to get those arrangements agreed and resolved so that you can look forward to a peaceful and enjoyable festive period. As the schools go back after October half term and Christmas lights and decorations spring up in shops … Continued
As with many aspects of modern life, technology is playing an increasingly prevalent role in residential conveyancing (property sales, property purchases, transfers of equity and remortgages) to reduce the time involved in the conveyancing process. Having worked in residential conveyancing since 2013, over the years I have seen how technology has improved efficiency in transactions … Continued
With the Bank of England continuing to raise interest rates, a number of beneficiaries under estate administrations, who have been left a set sum of money under a Will (called a pecuniary legacy) have enquired if they will receive interest on the specified sums due to them, given the length of time it can take … Continued
With the summer holidays drawing to a close and children heading back to school, it is perhaps a fitting time to consider who your children, or those in your family, are considered your ‘children’ for the purposes of a Will. It is sensible for all parents to make a Will so that should the worst … Continued
There is a significant amount of negativity surrounding the housing market currently. Whilst this is a worrying time economically it is important to consider the positives whenever possible. As a solicitor who has undertaken conveyancing work for almost 17 years, I have seen my fair share of housing market highs and lows. From the catastrophic … Continued
Faye Edemenson qualified as a solicitor in June 2023 and assists clients with residential property transactions, Will writing and preparing Lasting Powers of Attorney from the firm’s Northallerton office. Qualification as a solicitor comes after the successful completion of her period of recognised training (often known as a training contract) where Faye gained experience in … Continued
The decision in the recent case of MN v AN [2023] serves as a helpful and timely reminder of the factors considered when entering into a pre-nuptial agreement (also known as a pre-nup or PNA). People are often surprised when they decide to look into obtaining such an agreement at the cost involved and requirements … Continued
The reasons for choosing to go ahead with Equity Release (also commonly known as a Lifetime Mortgage) are varied. Many of our clients wish to release equity to carry out home improvements, fund foreign travel, or to re-mortgage. Initial Steps Once financial advice has been taken and the decision has been made to go ahead … Continued
