News archive: February 2023

• Phil Harris admitted as Solicitor
  Posted on February 20, 2023
  QualitySolicitors Parkinson Wright is pleased to announce Phil Harris has qualified as a solicitor.
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• Lasting Power of Attorney – Why we all need one
  Posted on February 16, 2023
  What does a Lasting Power of Attorney do?
  
  Lasting Power of Attorney, or LPA, is a legal document that allows you to appoint another person, known as your attorney, to make decisions and act on your behalf if you need help. It can be used if you lose your ability to make decisions, through dementia for example, or if you decide you no longer want to make your own decisions.
  
  There are two types of power of attorney, one to allow a trusted person to deal with your finances, and another to allow a trusted person to deal with your health.
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• Planning for success in a partnership merger
  Posted on February 15, 2023
  Where there is a good cultural alignment, a merger can offer numerous benefits to two smaller partnerships, particularly in terms of sharing costs and resources, and access to economies of scale while potentially also reducing competition.
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• Property, planning and paying for care
  Posted on February 14, 2023
  A common concern for our clients and their families is the prospect of having to sell the family home in order to meet care costs,
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• Resolving a dispute about a trust fund
  Posted on February 9, 2023
  Once thought of as a device only for the rich and famous, trust funds are now routinely used by ordinary families to protect assets for a loved one in a tax-efficient manner.
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• Changes ahead in capital gains tax rules for divorcing couples
  Posted on February 8, 2023
  At present, no capital gains tax (CGT) is charged on a transfer of assets between a married couple or civil partners who live together. If, however you are separated or divorced from your spouse or civil partner, then this tax relief does not necessarily apply.
  
  The Office of Tax Simplification reviewed the rules relating to separating couples in July 2022 and proposed a number of recommendations which the Government have agreed to implement from April 2023.
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• Agreements with highways authorities
  Posted on February 8, 2023
  If you develop a site and your scheme includes new roads, you will probably want to get them adopted by the local highways authority. This will shift the long-term burden of maintenance to the highways authority, but there may be short term costs involved which you may not have anticipated. There is more than one way to approach this, and you will probably have to enter into a formal highways agreement, so you will need advice from your solicitor on the obligations you are taking on.
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• Problems in performance management
  Posted on February 6, 2023
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• Resolving a dispute about the breach of a contractual warranty or indemnity
  Posted on February 6, 2023
  Warranties and indemnities are routinely included in commercial agreements. Their aim is to provide a right of redress where representations or contract-critical information has been provided by one party to another, and this turns out to be inaccurate or wrong and results in financial loss.
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• Transferring property to your children
  Posted on February 2, 2023
  Almost one in two first-time buyers receive some financial assistance from their parents, but cash gifts or mortgage support are not the only ways to help the next generation. If you are asset rich and own land, vacant buildings or a second home, transferring property to a child is another option.
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