Mixed Set 3 [FLK2] Flashcards
Trust - Power of Advancement (181)
- is it discretionary?
- what are the 3 rules?
- what does advancement have to achieve?
- yes
- a. adv must not exceed B’s share
b. any adv $ must be deducted from their share once they become entitled to it
c. if there is a prior life interest (vested or contingent), that person (adult) must give consent in writing of the adv - improve the MATERIAL situation of B
Trusts - Power of advancement
- is it for minors/ adults?
- which B’s does it apply to?
- how much can be advanced pre 2014?
- what about after 2014?
- both
- only vested or contingent interest (not disc. Bs)
- upto 50% of share
- 100% of B’s share
In Wales, in CC, when will D be given the opportunity to select between English or Welsh language proceedings?
At Plea and Case Management stage
When you (solicitor) are administering an estate, where are all the estate funds held?
In the client account of the firm
What are the two times you can appeal a sentence?
- if it was wrong in law (sentence imposed could not be legally passed); or
- it was manifestly excessive or wrong in principle
Trusts - Power of Maintainance (180)
- is it mandatory or discretionary?
- what is it used for?
- is it available to disc Bs?
- is it for minors and adults?
- how much can be spent on b?
- discretionary
- education/ maintenance as T sees fit
- no. only vested or contingent, provided trust carries immediate income
- minors only (if adult, then they are entitled to the income outright)
- T can use all/ any income from trust prop
To rely on the defence of lawful excuse, what is required?
when is this used?
(a) you have to HONESTLY believe that X (prop) was in immediate need of protection (subjective) and
(b) your actions were REASONABLE in the circumstances (objective)
to protect prop that belonged to yourself
to protect prop that belonged to another
it is immaterial if the belief is justified or not…as long as it is honestly held
When the identity of a suspect is known and an identification procedure is carried out - is that evidence admissible?
Yes, but, the courts have the authority to exclude it for UNFAIRNESS
a. can a trustee delegate their powers and duties?
b. what is the exception?
a. general rule - no, unless expressly stated in the trust doc
b. exception: can appoint an agent to carry out delegable functions (power to distribute or dispose of trust assets, allocating fees or other payments)
when an asset management function is delegated - it should be in writing
If property is owned as JTs and 1 JT dies, then does the surviving JT have to obtain a grant of probate?
No it is a JT
If previous acquittals need to be admitted as bad character evidence, what are the conditions?
P should demonstrate the facts of the previous case have a SUBSTANTIVE PROBATIVE value regarding an IMPORTANT matter in the current case (ie propensity of fraudulent behaviour)
the concept of “important explanatory evidence” is used when is to show a pattern or tendency… or just to give background info on D
Where are restrictions noted?
Proprietorship register
What is a Form B Restriction in the Proprietorship Register?
T’s powers are limited by S8 TOLATA
Eg: T cannot dispose land until B’s consent is obtained
Elements for ABH
AR: assault/ causing bodily harm (battery)
MR: intention/ recklessness of action that caused injury
What is S 47
ABH
If T destroys his current will what will happen?
If there is an old will - that will take effect
Else - it will pass acc to the rules of intestacy
Prop (268)
- who pays SDLT?
- when it is reported to HMRC and paid
- what juris is it applicable to?
- what transactions does it cover?
- after paying SDLT whats the next step?
- buyer
- 14 days from COMPLETION
- E and N. Ireland
- commercial and res (purchase of freehold, assignment of lease, grant of lease)
- send SDLT 5 (reg land) to HM LR to register title
Prop tax due dates
- SDLT
- LTT
- VAT reg threshold
- CGT
- 14 days from completion
- to welsh rev authority - 30 days of completion
- 85K, else voluntary but must make taxable supplies
- 60 days from completion of the sale