Chelsea Turner

In Family Business United, Partner, William Rollin and Senior Associate, Laura Cullinane reflect on the IHT implications of last Autumn’s Budget and explore the planning opportunity to mitigate IHT and divorce risk in the context of a family business.

Following the October 2024 Budget, wealthy families may accelerate the gifting of assets to reduce their inheritance tax (IHT) liabilities. However, this is not without complication. One particular risk is divorce. Could gifted assets be attacked upon divorce? Careful planning can reduce the risk, as Boodle Hatfield and Cazenove Capital explore in a joint article.

In the Law Society Gazette, Family Senior Associate, Alexandra Hirst details the drive for transparency in the family court, along with the unintended consequences of having qualifying legal reporters and press in attendance.

Family law has long been shaped by societal norms and traditions. However, as societal norms evolve, so too does the landscape of marriage, divorce, and parenting. In the TL4 HNW Divorce Magazine, Partner and Mediator, Katie O’Callaghan looks at how, in today’s world, we are witnessing a fundamental shift in these dynamics, one that calls into question the legal frameworks that govern family life.