- IFCS group publishes new trust regulation standards
- Charity loses challenge to executors' interpretation of nil-rate band
- Juan Domingo Perón’s heir initiates legal action to recover legacy
IFCS group publishes new trust regulation standards
The Group of International Finance Centre Supervisors (GIFCS) has issued a new standard on the regulation of trust and company service providers (TCSP), emphasising the need to identify the ultimate beneficial owners and beneficiaries of companies and trusts.Read more
GIFCS, established in 1980, is a group of financial services supervisors with a core interest of promoting the adoption of international regulatory standards...
Charity loses challenge to executors' interpretation of nil-rate band
The executors of Valerie Smith were entitled to interpret the expression 'nil-rate band' (NRB) in her will to include the nil-rate band transferred from her predeceased husband, the England and Wales Court of Appeal has ruled.Read more
Mrs Smith executed a professionally drafted will in 2001 leaving her children and grandchildren sufficient assets to use up the inheritance tax nil-rate band...
Juan Domingo Perón’s heir initiates legal action to recover legacy
Antonio Mario Rotundo has started civil and criminal proceedings against the bank, Banco Ciudad of Buenos Aires, to recover the legacy that three-times Argentine President, Juan Domingo Perón, left him.Read more
Perón, who was President between 1946 and 1955, left a legacy valued at USD1 billion to Rotundo, who was one of his collaborators during his exile in Madrid, Spain.
Trial and clerical error
Amanda Edwards examines the courts’ approach to rectifying clerical errors in wills.Read more >
Chris Keightley-Pugh on the administration of estates and the probate system in Gibraltar.Read more >
Leading the herd
Tim Cartwright provides a snapshot of the year’s regulatory and economic developments in Jersey, aimed at ensuring the island remains a leader in the offshore field.Read more >