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A New Year Wills Healthcheck

Is your Will still fit for purpose?

The start of a new year is often a prompt to get things in order - reviewing finances, updating records and planning for the year ahead. One important document that is often overlooked after it’s been signed, however, is a Will. Many people assume that once a Will is in place, the job is done and it can be forgotten about. In reality, even a well-drafted Will can cause significant difficulty if it is outdated, unclear, or cannot be located when it is needed. We recently dealt with a matter…

Dilapidations Explained

Dilapidations Explained: What Commercial Tenants and Landlords Need to Know

Dilapidations are a common source of dispute at the end of a commercial lease. They can involve significant sums of money and often come as an unwelcome surprise to tenants who believed they had left a property in reasonable condition. Understanding what dilapidations cover and how claims are assessed is essential for both landlords and tenants navigating the end of a lease. At their core, dilapidations are about whether a tenant has complied with their lease obligations regarding the property's physical condition. What a landlord can legitimately claim, and what…

Leaving Charitable Gifts in Your Will

Leaving Charitable Gifts in Your Will

Leaving a charitable gift in your will is an easy, impactful way to support causes you care about. Whether it’s a fixed sum, a specific item, or a share of your residuary estate, legacy giving can create a lasting difference — and it can be tax-efficient. Gifts to UK-qualifying charities are usually exempt from Inheritance Tax (IHT). Ways to leave a gift to charity Pecuniary gift: a specified sum of money to a named charity. Specific gift: a particular item (e.g. property, jewellery, artwork, shares). Residuary gift: all or a…

NDAs

NDAs – an overview

A Non-Disclosure Agreement (NDA), also referred to as a Confidentiality Agreement, is a legal mechanism used primarily in employment or business contexts to safeguard confidential information. NDAs are versatile instruments applicable across various scenarios, but their core principle remains the same: one or both parties agree not to disclose specified confidential information. NDAs can either be standalone documents or be incorporated into broader agreements. For example, there may be non-disclosure clauses in an employment contract or a Settlement Agreement, to ensure that proprietary or sensitive information remains confidential. Types of…

Bowling & Co Support London Legal Walk 2024

The team at Bowling & Co were delighted to take part in the 20th Anniversary London Legal Walk earlier this month. They raised over £1000 for this worthwhile cause and all enjoyed the experience. Our team was made up of Leah, Kimberley, Rosa, Merve, Tony, Mert, Harry, Zafrin, Farasat, Sanem and Rohan. The team walked with the Lady Chief Justice and thousands of lawyers to raise funds for the London Legal Support Trust (LLST). Over the last 20 years, by walking together for justice, an incredible £10.5 million as been raised, helping…

Directors should make a diary date for filing deadlines

A £165m reminder to directors on the importance of getting accounts filed on time has been flagged in the latest report from Companies House, the body responsible for the UK's register of limited companies. The statistics from Companies House show that 98.5% of accounts were filed on time, but the 1.5% that missed their deadline resulted in 323,643 penalties being levied with a total value of £164.7m. The average penalty was £509 but almost £80m was raised by 80,000 ‘double penalties’, charged when companies file their accounts late for two…

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