We were delighted to host a great lunchtime seminar all about Wills. The talk had even the hardiest of listener contemplating how soon they would get cracking with making their will. It became quickly evident in our discussions that there would be many complications, family disputes and emotional roller-coaster rides following your passing for your family should you not have taken time to make a Will.
The talk went into details about a variety of areas including:
Pensions Update and Top Tips
In the recent UK Budget, George Osborne proposed a significant shake-up of UK pension arrangements, which if introduced, will allow individuals to extract all their pension savings in a lump sum at the point of retirement, subject to their marginal rate of income tax in that year.
Those who require the security of a guaranteed income will still be able to achieve this by purchasing an annuity. If an individual does not want to purchase an annuity, or cash-in their entire pension fund, they can remain invested and access their pension fund over time.Read More
Making Wills in Jersey
Do I need a lawyer to make a Will?
Jersey has strict rules on completion of Wills which are different depending upon whether you are leaving land (Immovable Estate) or other property such as money (Movable Estate). If a Will does not conform to the rules then the Probate Registrar (in relation to a Movable Will) and the Public Registrar (in relation an Immovable Will) may well refuse to accept the document for registration once the testator has died.Read More
Renting your Home Condition Report
Will Condition Reports help solve rental deposit disputes?
Disputes over the partial or non-return of rental deposits have consistently been amongst the most common issues of concern brought to the Citizens Advice Bureau.
It is therefore in order to ensure fairness between landlord and tenant that the introduction of the compulsory use of Condition Reports for landlords and agents who let accommodation under a residential tenancy agreement (‘tenancy agreement’) is so welcomed. But what do both parties need to do?
Details are available on the www.gov.je site at http://www.gov.je/Home/RentingBuying/HousingLaws/Pages/ConditionReports.aspxRead More