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Wills & Trusts Archive - 2017

Found 23 matches. Showing page 1 of 3.

Irish ‘best friends’ marry to avoid paying inheritance tax

Two heterosexual men plan to tie the knot next month in Ireland in order to pass the more elderly man’s house onto the other without hefty inheritance tax bills. Michael O’Sullivan, 58, has been friends with Matt Murphey, 85, for 29 years. The former, from Stoneybatter in North Dublin, is a divorcee with three adult children and... Read More

Unsent text message accepted as a valid will in Australia

The Queensland Supreme Court last month recognised an unsent draft text message to be an official will. This resulted in the bequeathing of the deceased’s estate to his brother and nephew, rather than to his wife and child. The ruling has sparked the interest of many, highlighting what appears at first glance to be a potential cheap alternative... Read More

9th Earl Bathurst and his stepmother battle over 8th Earl's will for Cirencester Park

Gloria, the Dowager Countess Bathurst, widow of the 8th Earl Bathurst (known as Henry ‘Barmy’ Bathurst) is involved in a legal battle with the current earl over the family’s stately home at Cirencester Park in Gloucestershire. The Dowager Countess, 86, is the second wife of the 8th Earl who divorced his first wife and mother of his three... Read More

The Duke of Westminster’s £9 million inheritance prompts call for tax reform

The death of the sixth Duke of Westminster has sparked renewed efforts to reform the way inheritance tax is levied. Gerald Cavendish Grosvenor passed away in August 2016. The late Duke was a close friend to members of the Royal family and boasted properties in London’s affluent Mayfair and Belgravia districts. He was also said to have owned a... Read More

National Trust to inherit millions from businessman with dementia despite his bitter feelings towards the charity

The National Trust is set to inherit millions from a wealthy businessman, despite the fact that his will was written before a significant event that dramatically changed his feelings towards the charity. The dispute with National Trust Michael Collins, a businessman who made millions as a property tycoon, made his will in 1990 and chose to leave... Read More

Deputyship and last power of attorney: a comparison

The recent comments of retired Court of Protection judge Denzil Lush, warning of the risked posed by lasting power of attorney (LPA), have prompted a flurry of debate. Specifically, benefits of LPAs have been weighed up against those of deputyship, an alternative means of giving one person responsibility over another’s affairs if the... Read More

High Court rules that trusts owned by ‘Putin’s banker’ Pugachev are a ‘sham’

Earlier this month in the High Court, Mr Justice Birss ruled that the trusts owned by the Russian businessman Sergei Pugachev, were in fact ‘shams’. This resulted in any assets within the trusts being available for enforcement by default. A definition In the recent case of Snook v London and West Riding Investments Ltd (2017), Lord Justice... Read More

Hugh Hefner's widow reportedly left with millions, despite being excluded from will

Crystal Harris, the wife of the recently deceased Playboy mogul Hugh Hefner, will take control of a Hollywood Hills home worth millions of dollars, according to TMZ. After Hefner passed away at the age of 91 last week, early reports suggested that Harris could be left with nothing, thanks to an "iron-clad" prenup that prohibited her from... Read More

Bruce Forsyth’s £17million fortune expected to pass entirely to wife Wilnelia

It has been reported that national treasure Bruce Forsyth’s will dictates that his whole estate, estimated to be £17 million, should be passed onto his wife, Wilnelia Merced. Transferring the wealth in this way avoids inheritance tax, a system which ‘Brucie’ has criticised in the past. Sir Bruce Forsyth, called “The King of TV” by... Read More

Deceased financier's "greedy" former girlfriend loses High Court bid for his millions in Joseph v Farrer & Co

A former girlfriend of Peter Cundill, has failed in her High Court bid to sue the millionaire financier's legal team after being refused payments from his trust fund. Tina Chantal Joseph, a Nigerian aristocrat and former model, sued solicitors firm Farrer & Co LLP for negligence after she was cut off from payments worth millions. Joseph became... Read More
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