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Welcome to the Hethertons Solicitors Private Client Newswire

In this edition, we look at a wide range of issues affecting you, your family and your life plans including:

  • Mirror or mutual? The importance of selecting the right will
  • Do you need to pay tax on your property transaction?
  • Executors beware – mistakes can be costly
  • Boundary disputes – Reducing conflict with neighbours

If you have any feedback on this latest edition or would like assistance from our team, please contact us.

Mirror or mutual? The importance of selecting the right will


 

Making a will is one of those issues people put off for too long, perhaps not wanting to contemplate the time when they are no longer with their loved ones.

There are various options for couples, including mutual wills and mirror wills. The decision must be made carefully as they represent two different things.

 
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Do you need to pay tax on your property transaction?


 

HMRC has issued a reminder about the new deadlines for paying Capital Gains Tax (CGT) after selling a residential property in the UK.

The rules on CGT only apply a charge on certain types of properties...

 
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Executors beware – mistakes can be costly


 

Many of us will act as the executor of the estate of a parent or spouse at some point in our lives, in what is usually a reasonably straightforward, if paperwork-heavy, task.

Acting as executor of a Will requires you to inform banks, councils, utility providers and other parties of the death, settle any debts, file an Inheritance Tax return where needed, apply for a Grant of Probate and distribute the estate to the beneficiaries.

 
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Boundary disputes – Reducing conflict with neighbours


 

Disputes with neighbours generally and boundary disputes, in particular, can be very stressful, both because of the physical proximity of the other party and our emotional attachment to our own homes.

Understandably, that means emotions often run high, which means it can be all too easy to make decisions using your heart, rather than your head.

 
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