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Property purchases are, for the majority of people, the highest-value deals they ever enter into and that is why they should never be undertaken in haste or without expert legal advice. A case in which an amateurish, home-made agreement led to years of costly strife between family members illustrates the point effectively. Due to concerns that the opportunity to purchase a property might otherwise be lost, the sale agreement was created in a hurry, without the assistance of a solicitor. It stated that a woman had put £150,000 towards the...

Property purchases are, for the majority of people, the highest-value deals they ever enter into and that is why they should never be undertaken in haste or without expert legal advice. A case in which an amateurish, home-made agreement led to years of costly strife between family members illustrates the point effectively. Due to concerns that the opportunity to purchase a property might otherwise be lost, the sale agreement was created in a hurry, without the assistance of a solicitor. It stated that a woman had put £150,000 towards the...

It is usual for occupational pension schemes to allow the spouse or partner of a scheme member to receive a reduced pension in the event that the member predeceases them. Normally, the appropriate beneficiary is set out in the scheme rules. With defined contribution schemes, such as Self-Invested Personal Pensions, the owner of the pension fund can choose to whom their pension pot is left by lodging a statement of choice with the pension scheme trustees. This latter arrangement can make pension scheme holdings useful tools in Inheritance Tax...

It is usual for occupational pension schemes to allow the spouse or partner of a scheme member to receive a reduced pension in the event that the member predeceases them. Normally, the appropriate beneficiary is set out in the scheme rules. With defined contribution schemes, such as Self-Invested Personal Pensions, the owner of the pension fund can choose to whom their pension pot is left by lodging a statement of choice with the pension scheme trustees. This latter arrangement can make pension scheme holdings useful tools in Inheritance Tax...