With property values continuing to rise, more families than ever are becoming concerned that their estates will become liable to Inheritance Tax (IHT) at 40%. In 2016-17, the latest tax year for which HMRC has Inheritance Tax records, 28,100 deaths resulted in an IHT charge, a 15% rise on the previous year . IHT receipts have been rising steady since 2009-10, mostly due to the freezing of the £325,000 Nil-Rate Band (NRB) tax-free threshold in April 2009.
Newly appointed Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget on 11 March, against a backdrop of uncertainty following the COVID-19 outbreak and subsequent financial losses. It was the first of two Budgets to be delivered in 2020, with the second to follow in the autumn.
We are pleased to announce that our Head of Family Law, Joyti Henchie, has achieved two prestigious accreditations from Resolution, the country’s largest organisation for Family Law professionals.
We are delighted to have welcomed four expert solicitors to our team over the past few months. Following our merger late last year with London firm Stafford Young Jones, which boosted our staff numbers to 93 and increased our turnover to £7.5m, we began hunting for top legal talent to cater to our many new clients. Within a matter of months, we had welcomed Penny Fitzpatrick, Belinda Strange, Steve Meredith and Victoria Mundy to the team.
Last week, a case on which our Medical Negligence team began advising last year, concerning the tragic case of a 25-year-old man with a history of mental health crises, concluded with a jury inquest at Avon Coroner’s Court in Bristol, which recorded a conclusion of ‘suicide, when the balance of his mind was disturbed’. It was uncertain whether the act was planned or impulsive.
We are delighted to announce that Steve Meredith, a leading tax lawyer with a national reputation, has been appointed as Head of Tax & Trusts at Attwaters Jameson Hill. He comes with many years of experience and expertise behind him, and believes that the relatively new Residence Nil Rate Band (RNRB), which was first introduced in April 2017, will become a hot topic over the next few years.
Divorcing and separating couples should make every effort to try Alternative Dispute Resolution (ADR) options (including mediation, collaboration and arbitration) to avoid their case progressing to court, a top family lawyer at Attwaters Jameson Hill has advised.
We are very pleased to announce that Lawyer International has awarded Attwaters Jameson Hill the title of Law Firm of the Year in the Trust & Estate category for the third time. Every year, the publication holds its Legal 100 Awards, which recognise and praise outstanding law firms around the world.
Last night (14th November 2019) we hosted our annual charity quiz, this year in aid of Essex & Herts Air Ambulance (EHAAT), our Charity of the Year.
We are delighted to announce our merger with Stafford Young Jones, a London-based law firm with an office located in the heart of the City.