Hints and tips:
...The company says that paying a beneficiary directly would mean bypassing the trustee. But there is no trustee because my dad is no longer here....
...The opinions in this column are intended for general information purposes only and should not be used as a substitute for professional advice....
...When there are no express provisions, the Trustee Act 2000 and previous legislation set out trustees’ boundaries on how they are to act....
...This ensures that one trustee cannot control the future business plan of your company alone....
...If you have set up a US revocable trust and are the sole trustee, you should review this before coming to the UK....
...You can be a trustee, and your son could be a trustee too....
...Also, should a trustee die while holding a share in a joint account, there may be issues trying to prove to HMRC that the funds are not part of the trustee’s own estate, and therefore subject to tax....
...You and your husband could be trustees, while a professional co-trustee is often helpful to help navigate the rules and administration....
...It omits “debt” and substitutes “Trustee or Government” for Issuer, but the meaning appears identical....
...The kind of accountability that Wigdor promotes is not a perfect substitute for criminal prosecution. The suits he files — or threatens to — do not put dangerous people in prison....
...In either case, there is no IHT if the portfolio value is below your nil-rate band, or your spouse is the beneficiary....
...The problem, says Mary Beard, a classical historian and British Museum trustee, is that the marbles fulfil two roles which are in conflict....
...Trusts can only be exempt if there is no UK tax liability. HMRC continues to provide updates on exemptions, but there is no comprehensive list....
...The trustee will be required to provide information regarding the trust itself, the settlor, trustees and beneficiaries....
...In this case, there is no way that the 3 per cent ERC would be saved in the remaining four months or so of the fix....
...After all, as Ahmed, who is British-born and of Muslim and Indian origin, points out: “Speech is not a kind of violence; it’s a substitute for violence.”...
...SOFR is far from an exact replica for Libor as it has no meaningful credit or liquidity premia....
...Kate Barker, trustee at British Coal pension scheme: May outpace EU (faster recovery from Omicron impact) but lag the US due to the US fiscal stimulus....
...Farewell then to Mark Barnett, Invesco’s substitute Woodford....
...If this takes place within a year of the death, a claim can be made to HMRC to substitute the lower sales value, and potentially claim an IHT rebate....
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