Tag Results
Presenting the dream team
Tuesday, 22 August 2023I am acutely aware as a consultant to law firms, rather than someone who works within one, that there is still some reticence to fully embrace the Solicitors Regulation Authority’s transparency rules.
Tags: SIFA Professional
Posted in Blog
Working with your financial planner to attract and retain clients
Friday, 28 July 2023it is hard to disagree with the contention that a personal recommendation for a service is, without doubt, the best source of new clients; it will always be stronger than a testimonial on a website.
Tags: SIFA Professional
Posted in Blog
A safe pair of hands – how to find the right financial planning partner
Friday, 16 June 2023The SRA expects solicitors to be able to demonstrate to their clients the reasons why they believe a referral to a particular third party is in their best interests.
Tags: SIFA Professional
Posted in Blog
Do you have customers or clients?
Monday, 15 May 2023Calling a customer a client does not make them one, even if you consider them to be. Only the individual or individuals can truly decide whether they consider themselves a client of your legal practice.
Tags: SIFA Professional
Posted in Blog
“I would much rather give £160,000 to my children than HMRC” – See how you could save a client £160,000 in IHT
Friday, 5 May 2023This planning scenario explains how Business Property Relief (BPR) can help restore the RNRB for large estates as well as reducing the amount of IHT payable overall.
Tags: SIFA Professional
Posted in associate news
A property sale raises Inheritance Tax questions
Wednesday, 19 April 2023My client Mabel was looking for advice on Will Planning and preparing Lasting Powers of Attorney, and approached a local solicitor who I regularly work with. The solicitor was able to establish that Mabel would benefit greatly from advice in regards to her Inheritance Tax (IHT) liability.
Tags: SIFA Professional
Posted in associate news
The IHT threshold freeze increases the need for collaborative advice
Thursday, 13 April 2023At the end of March, the government announced that its total tax receipts for the nine months to February 2023 were £722bn, £66bn higher than in the same period 12 months earlier.
Tags: SIFA Professional
Posted in Blog
Vulnerable client? How working collaboratively gave ‘peace of mind’ planning to an IHT problem
Friday, 3 March 2023Carole is aged 85 and has ongoing health issues. She has no children and has never married so would like her younger brother to have her home when she passes away. She would like access to her investments should she need them and is looking for ways to mitigate Inheritance Tax (IHT) on her estate.
Tags: SIFA Professional
Posted in associate news
To transparency and beyond!
Wednesday, 15 February 2023Increasingly, consumers in need of legal advice or a service will begin their research online, so a solicitor’s website must embrace not only the reasoning behind transparency but also go much further.
Tags: SIFA Professional
Posted in Blog
Are you the best that you can be?
Thursday, 12 January 2023For the first time, the SRA is reminding firms, essentially the COLPs, that there should be processes established by the practice to assist and supervise their lawyers’ CPD efforts.
Tags: SIFA Professional
Posted in Blog
Blog
Keeping the conversation going beyond Pride Month
As I reflect on all the celebrations of Pride Month 2024, I ask myself why there remains hesitancy amongst LGBTQ+ staff members about when it comes to being open about their identity in the workplace.
Third-party managed accounts: Your key questions answered
The Solicitors Regulation Authority has given strong indications that it is headed towards greater restrictions on law firms when it comes to handling client money.
Understanding vicarious trauma in the legal workplace
Vicarious trauma can happen to anyone who works with clients who have experienced trauma such as domestic or other violence, child abuse, sexual assault, torture or being a refugee.
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