Private Client Issues – March 2023

Welcome to this month’s edition of Private Client Issues, Blake Morgan’s monthly round-up of the topics you may find of interest. It features insight and advice on developments affecting private individuals.

Our teams work both from our offices and remotely and are happy to meet with you virtually, or in person where this is preferred. We have found that many clients prefer the convenience of a video meeting, whilst other prefer face to face, particularly for the first meeting.

Making a last Will and testament

Blake Morgan Partner Lisa Davies speaks to Anna Ryder Richardson on BBC Radio Wales about making a Will. Discussion centres around why making a Will shouldn’t slip off your to-do list and what would happen if we lose a loved one who hasn’t made a Will. The chat with Lisa is available on BBC Sounds and you can listen to her advice from about 69 minutes into the show.

Listen to Lisa’s interview

How to make changes to your Will

Dependent on your personal circumstances, it is generally advisable to review your Will every 3-5 years, after a significant life event (such as a death, marriage, divorce etc) or a change to the value of your estate. Even if the changes appear to be minor, advice should be obtained as to how your Will should be amended.

Read more about making changes to your Will

The decline in marriage and importance of legally binding cohabitation agreements

The importance of legally binding cohabitation agreements cannot be understated, especially with the decline of marriage. The Guardian recently published an article highlighting the significant decline in marriage rates using data from the 2021 census, which coincides with a rise in cohabitation for young couples.

Read more about cohabitation

Applying for a ‘no fault’ divorce online – do I still need a solicitor?

If you are looking to apply for divorce online, there are certain issues you need to consider. It is important to recognise the distinction between terminating the marriage (obtaining the final order in the divorce) and resolving the financial claims arising from the marriage (the financial remedies).

Read more about divorce

Blake Morgan grows Succession & Tax team

Blake Morgan has appointed tax specialist Camilla James as a legal director in the succession and tax team. She has a wealth of experience working with individuals, families, trustees and business owners and specialises in capital taxes and succession advice, as well as Will planning and trusts.

Read more about Camilla’s appointment

Pensions dashboards are almost here

The intention is for pensions dashboards to provide pension savers with clear and simple information about their multiple pension savings, including their State Pension, in one secure digital space, 24/7.

Read more on pensions dashboards

If you are impacted by any of the above topics or you would like further information on how we can help you, please contact your usual Blake Morgan adviser.