In the world of business finances, the concept of a business as a going concern is paramount, particularly when evaluating whether a company can be sold as a going concern. there’s a term that can send shivers down the spine of any owner: “going concern.” But what exactly does it mean, and why is it…

As we delve into the intricate realm of property transactions, one can’t help but ponder the hidden traps lurking within the Additional Dwelling Supplement (ADS). These traps, often camouflaged by complex ownership structures and legal nuances, possess the potential to ensnare even the most seasoned investors. Unveiling the strategies to navigate these treacherous waters and…

While you may think “next of kin” simply refers to your closest relative when dealing with a loved one’s estate, its legal meaning is more complex. This term can vary by state and even within the same state depending on the specific situation. This lack of clarity can make navigating legal processes after a loss…

The process of purchasing or selling real estate is frequently complicated from offer to ownership. A conveyancing counsel is required to guide you through this complex process full of legal subtleties and procedural requirements. However, how can you pick the best attorney for your requirements when so many are available? This practical guide will help…

Navigating the path of divorce, especially under the ordinary divorce procedure, can often feel like trying to find your way through a dense fog, particularly without the guidance of a family law team. It’s a journey marked by emotional turbulence and daunting legal complexities, often navigated with the help of solicitors experienced in family law,…

When it comes to children’s inheritance rights in Scotland, there are crucial aspects that individuals need to be aware of. Scottish law provides a level of protection for children, ensuring that they cannot be entirely disinherited by their parents’ will. Known as Legal Rights, this entitlement grants children the ability to claim a share of…

The transfer of shares after a shareholder’s death is a complex process that requires careful attention to legal considerations. The verification of legal documents, such as the will, articles of association, and shareholders agreements, is just the beginning. Resolving conflicts between these documents and aligning transfer provisions with the deceased shareholder’s wishes is crucial. Additionally,…

Unlocking the Secret: How Minors Can Own Property in the UK delves into the intricate topic of property ownership by individuals under the age of 18 in the United Kingdom. This article provides a thorough exploration of the legal framework surrounding this issue, highlighting the role of trustees in holding property on behalf of minors….

Adopting a child is an incredible journey, but it’s essential to understand the financial aspects. In the UK, adoption costs vary based on several factors such as whether you choose to adopt through a local authority, voluntary agency or intercountry adoption. Typically, adopting through a local authority can incur minimal costs as most fees are…

The process of getting a divorce is one that may be emotionally taxing as well as complicated, and unanticipated events can add further layers of complexity. One of these possibilities is that one of the spouses will have already passed away before the divorce proceedings are finalised. In this article, we will look into the…