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Family

Mann and Co > Family

The Importance of a Will for Unmarried Couples

In order to ensure that your estate passes in lines with your wishes once you die, it is recommended that everyone has a valid Will. This is also vital for unmarried couples, who wish to provide for their partner and their children in the event of death. Under intestacy rules, if marriage has not been taken out then the surviving partner or children would not be provided for, which could lead to stress and serious financial issues. This also applies to the send-off of their loved ones, as without being appointed as an Executor, the surviving partner will have no say...

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Divorce & The Tax Year

Lawyer with Divorce certificate and couple

As the end of the tax year gets closer, it is important that all divorcing couples seek professional advice if they are considering a transfer of assets. Tax issues are often last to be considered when in the divorce process, however the impact of tax on the final settlement should not be underestimated. This is because by planning the settlement and minimising tax cost within transfers, it allows the maximum amount for distribution between individuals. Capital Gains Tax In a divorce settlement, the Capital Gains Tax (CGT) can cause large implications for couples. This is because spouses are classed as ‘connected...

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