Family law – transferring shares as part of a divorce
Family law – transferring shares as part of a divorce solicitor In the majority of divorces, it’s not uncommon for both parties to have shares in a family-owned company. Most often, the company includes others in the family, but the most typical situation is one where spouses own 50 per cent of the shares each. This […]
What happens to shares upon the death of a Shareholder
Questions about what should happen to the assets of a shareholder after death and how they should be distributed to beneficiaries will inevitably arise. Here, we detail four helpful actions to take into account when transferring the shares of a shareholder who has passed away with business owners and executors in mind. Step 1: […]
Child Contact Arrangement For The Christmas Period
Child Contact Arrangements For The Christmas Period Some may argue that it is too early to consider the Christmas holiday season because Halloween was a few short weeks ago. Nevertheless, the navigation of family arrangements is always difficult and further complicated for separated parents in the run up to Christmas. When determining how time for […]
Power of Attorney FAQs
Power of Attorney FAQs In the event that you become incapacitated and are unable to manage your own affairs, a power of attorney enables someone else to act on your behalf. We look at a few often-asked queries about powers of attorney and how they work. You must choose your power of attorney someone you […]
The Differences between Power of Attorney and Guardianships
The Adults with Incapacity (Scotland) Act 2000 governs both guardianship orders and powers of attorney, which are frequently misunderstood and used interchangeably in conversation. Despite serving the same general objective, each is tailored to a particular circumstance. It is crucial to comprehend the distinction if you are worried about your ability to make critical selections […]
Understanding Uninsured Risks in Commercial Leases: Essential Information for Landlords and Tenants
In the realm of commercial leases, the concept of uninsured risks carries significant weight for both landlords and tenants. Understanding these risks and their implications is crucial for effective lease management. Let’s delve into the intricacies of uninsured risks and explore key considerations for both parties. Insured Risks: Information for Landlords and Tenants A Foundation of Lease Obligations Commercial leases […]
Slowest growth in UK housing market in five years
UK house price growth in June slowed to the lowest rate since August 2013. According to the Office for National Statistics (ONS), this slowdown was mainly affected by the falling prices in London, where properties dropped from 0.7% to a negative 0.2%. The recently released report shows an average house price growth of 3%, down […]
Inheritance tax exceeds £5 billion for the first time
Recently released data from HM Revenue & Customs shows inheritance tax (IHT) for 2017-18 brought in £5.2 billion, up 8% from the previous tax year. What accounts for the rise? Property prices have continued to rise despite the fact the nil-rate band (NRB) – the value of a property which people will pay IHT on […]
Tribunals Bill welcomed by Justice Committee
The Scottish Parliament’s Justice Committee has published its stage 1 report into the Tribunals (Scotland) Bill, in which it welcomes the proposals contained in the Bill and sets out a number of recommendations. The Bill is designed to create an improved system of independence and better quality of service for tribunal users in Scotland, including […]
Transnational Child Abduction Matters that the Hague Convention does not Cover
Family lawyers have significant experience providing clients with counsel regarding the ‘Hague Convention’ (The Hague Convention on Civil Aspects of International Child Abduction). However, in recent years, our clientele has become more frequently concerned with the ramifications of children being abducted from non-signatory countries to Scotland and returning to Scotland. Occasionally, these cases may entail […]
