A solicitor gives legal advice to a smiling young couple

Wealth Health and Inheritance Briefing – November 2015

Welcome to the November 2015 edition of our Wealth, Health & Inheritance Briefing.

Our lead article this month will be of interest to many investment advisers and concerns a failed claim against a Bank for alleged negligent advice. The case illustrates the need to have robust procedures in place to identify risk profiles, the need to communicate clearly with clients and to document your advice.

We also look at the rise in “silver divorce” and how pre-nuptial agreements can be used to protect property acquired before marriage. Inheritance tax is featured in a look at tax planning for siblings and the reliefs that are available for executors and recipients of failed lifetime gifts when stock market prices are on the slide.

If you or your clients dream of retiring to a better climate then our article on the capital gains tax issues arising on the retained UK home may be of interest and, to close this month’s issue, we look at the possible revival of a perennial tax planners’ favourite: the nil rate band discretionary Will trust.

I hope that you and your families have a very happy Christmas and we look forward to sending you our next issue in the New Year.

Anthony Fairweather

Wealth Health and Inheritance Briefing – November 2015