Court of protection solicitors Manchester by Bromleys? Stockport Metropolitan Borough Council has embarked on an ambitious regeneration scheme, known as Future Stockport. The plan is to bring more than 3000 residents into the centre of the town and revitalise its residential property and retail markets in a similar fashion to the nearby city of Manchester. Many ex-industrial areas around the town’s core will be brought back into productive use as mixed-use residential and commercial developments. Property development company FreshStart Living has been involved in redeveloping a former mill building in the town centre, St Thomas Place. The company plan to transform the mill into 51 residential apartments as part of the regeneration of Stockport.
If you’re a business owner or Director, it’s more than likely that at some stage your business will be involved in some form of property transaction. Whether you’ll be acting as a tenant, investor, developer or commercial landlord, ensuring you seek professional legal support from the offset is crucial. Our previous experience in commercial property means our specialised solicitors are highly knowledgeable and up-to-speed with the most recent developments in the field. Taking on a proactive approach, our team will be on-hand to advise, support and guide you through the process from beginning to end. Working closely with all relevant parties, our solicitors will first look to gain a complete understanding of your business needs in order to provide tailored commercial property solutions.
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. Over the years, we have grown organically while also acquiring and merging with other local practices. We now occupy a prominent position in the heart of Ashton-under-Lyne in the top three floors of the old fire station. Our offices overlook the market square and the historic Ashton-under-Lyne town hall. See even more information on executor responsibilities to beneficiaries.
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.
At Bromleys Solicitors we have an expert team of solicitors who can help in protecting your property against potential future care home fees. If you are concerned that in the future you may need residential care or have to pay nursing home fees, then contact us to discuss how we can help. We can assist wherever you are based and we are located in Greater Manchester. To find out how we can help protect your assets and to find out more about the fees involved, please call us on 0161 330 6821 or fill in our online form. Alternatively, you can email us on bromleys@bromleys.co.uk and we’ll call you back. See more information at https://www.bromleys.co.uk/.