I was talking to someone earlier this who said if she’d known how she’d have incorporated her business, i.e. become a limited company. Instead, she continues to trade under her own name. There is nothing inherently wrong with this but it can lead to paying higher taxes or exposure of personal assets to liabilities of […]
New research suggests that 60% of adults in the UK don’t have a Will, but is this a problem? If you die without a Will you are known as intestate, the rules of which are covered under the Administration of Estates Act 1955 (peruse at your leisure). Who’s your Executor in an intestacy? Well, technically no one.
The Law Society has received a report of fraudsters sending people emails purporting to be from their solicitors. The scammer pretends to be the solicitor firm and requests they deposit money into a new client bank account. To our knowledge, this has never happened to any of our clients but please be aware. We will
When making your will we’ll try and keep things as clear as possible. You’ll occasionally hear terms you might not be familiar with. So for the curious, here’s a glossary of the legalese. Jargon Buster – Administrator – A person appointed by law to finalise your affairs if you die without leaving a Will. Beneficiary –
A great business at a fair price is superior to a fair business at a great price.” Charlie Munger In this quote, Munger is able to distill into a sentence one of his investing maxims. First, focus on the product you are buying, then see whether the price is fair. It’s better to pay a fair price for
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