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After someone dies, their Will sets out what they would like to happen to their assets and who they would like to inherit. If they have not left a Will, they are said to be intestate. Sometimes, a Will does not deal with all of a person’s assets or a ...
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You want to sell your business but there’s a legal issue that hasn’t been resolved. Maybe there’s an outstanding dispute with an employee, you’re in breach of a term in your lease, or you’ve had a claim for infringement of someone else’s intellectual property rights. Perhaps there is an escalating ...
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For those entering into a lease for commercial premises, paying turnover rent may be an option. Turnover rent is calculated, wholly or in part, based on the turnover of the business that is leasing the property. It is commonly used by retailers and can be useful for start-up businesses who ...
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Did you know that the Isle of Man is not a part of the UK? After someone dies, their executor will often need to apply for a Grant of Probate. Where the estate includes Manx assets, a separate Grant of Probate will be needed from the Isle of Man Probate ...
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When a property owner adds or removes someone from the title of the property, this is referred to as a transfer of equity. The property could be transferred into joint names or from joint names into a sole name. There are a number of considerations before going ahead with a ...
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A Will often appoints more than one executor to deal with the winding up of an estate. This can help ensure that someone is available to take on the role of executor when the time comes.   But in practice it may be easier or preferable for one executor to act ...
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