Conveyancing Stockport with bromleys.co.uk

Conveyancing solicitors Oldham with Bromleys? The Manchester orbital M60 motorway and A6 road to London cross at Stockport. Stockport railway station is a mainline station on the Manchester spur of the West Coast Main Line. Stockport is connected with Central London by Virgin Trains with services departing every twenty minutes and also has inter-city services to Sheffield, Liverpool, Birmingham, Bristol and other major cities.

Although often unavoidable, disputes relating to property of any kind can be complex and frustrating. With extensive experience of dealing with property disputes for both residential and commercial properties, our dedicated team of solicitors are fully equipped to support and advise you throughout your case, with the goal of achieving the best possible settlement. Our experience covers a wide range of areas within property litigation. Regardless of the individual circumstances, you can trust our team to help and support you whatever the circumstances.

Bromleys is the trading name of Bromleys Solicitors LLP, formerly known as Bromley Hyde & Robinson. We’ve been based in Ashton-under-Lyne for over 175 years and are authorised and regulated by the Solicitors Regulation Authority. We have an excellent reputation with our clients, peers and the wider business community and pride ourselves on providing clear, concise legal advice. We have very strong links within the local community and we not only act for, but strongly support local charities. We also provide free legal advice at our twice-weekly clinics to members of the local community. We are proud to be associated with both Tameside and Manchester. Read even more details on conveyancing solicitors Lydgate.

In 2013, Glyne Harris was made the Executor of a £1.2 million estate. Harris filed the Inheritance Tax Return and paid the initial Inheritance Tax that was due. As a large part of the estate was property, it was possible to pay the Inheritance Tax on the property in instalments. Harris made the mistake of paying the estate out to a beneficiary on the understanding that the beneficiary would settle the remaining IHT bill. Unfortunately for Harris, the beneficiary swiftly disappeared to Barbados without paying the remaining Inheritance Tax. Harris as the Executor was liable to pay the remainder of the £340,000 tax bill personally. Without the estate funds at his disposal, Harris appealed saying that he should not be liable, however a judge ruled that he is in fact personally liable. HMRC could potentially go after Harris’ own assets including his house. Whilst this is an extreme example of what can go wrong, it shows the responsibilities of being appointed an Executor and the advantage that having a professional can have.

A Deed of Variation is an instrument by which, after a death, a beneficiary can divert their entitlement under a Will or Intestacy to somebody else. The effect of using a Deed of Variation rather than the person just gifting their legacy or entitlement to a third party is that there are no tax consequences for the original beneficiary, it is deemed as though the deceased made the gift. The terms of the Deed of Variation are ‘written back’ into the Will or alter the Intestacy Rules for Inheritance Tax and Capital Gains Tax purposes. Read additional details on https://www.bromleys.co.uk/.