Showing posts with label Years. Show all posts
Showing posts with label Years. Show all posts

Wednesday, March 6, 2013

Where there's a will… Family feuds lead to 700% increase in High Court disputes in five years

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Figures obtained by The Independent show a 700 per cent increase over the last five years in the number of actions launched at London’s High Court to challenge the provisions made in wills.In addition, the number of cases  aimed at having whole wills declared invalid has nearly doubled.

If actions concerning trusts – often used to hold assets to be passed on to the next generation – are included, the total number of disputes involving the assets of living or dead family members being considered by the High Court rises to 300. This is compared to 95 in 2006.

The rise is partly attributed to the recession, which has seen the value of assets including property fall sharply. This has triggered arguments between relatives and dependants who find themselves with much smaller sums than anticipated.

But lawyers say it is also being fuelled by the rise in remarriages, step-families and cohabitation. Increasingly complex family arrangements, combined with the fact that relatives are now more likely to live further apart, has increased the likelihood that of will disputes inflamed by long held and un-aired resentments

The perils of imprecise wills and family disputes were highlighted last week when the son of the thrice-married actor Peter Ustinov declared himself nearly bankrupt following a nine-year legal battle over his father’s estate.

A High Court judge threw out an  attempt by Igor Ustinov to bring his battle to secure his father’s assets brought to the British courts, leaving him with a £114,000 legal bill. Following a previous ruling which overturned a 1968 written in pencil, Sir Peter was declared to have died intestate.

Fay Copeland, a partner with City law firm Wedlake Bell, said: “There is an undoubted growth in the number of these cases. People whose financial situation might not be secure because of the current climate might find themselves getting a smaller amount from a will than they had anticipated and that can often be the starting point for litigation.

“Similarly, families are more diverse and geographically spread out. Families are not as close as they used to be and when, for example, you have step-families you can see cases where people feel usurped or pushed out and that can form the basis for a dispute.

“The advice is to write a proper will but also for people to try and explain their decisions before their death. Around three quarters of cases are settled by mediation, which allows emotional as well as financial grievances to be aired.”

Ministry of Justice (MoJ) figures show that the number of disputes  over individual clauses in wills rose from 10 in 2006 to 82 in 2011, the  latest year for which figures are available.

Cases seeking entire wills to be declared null and void, for example where the deceased lacked the capacity  to make informed decisions, rose from 73 to 135.


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Wednesday, February 6, 2013

Ten Years of Exceptional Female Entrepreneurs Celebrated

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everywoman Awards

With over 3000 nominations and more than 130 winners and finalists recognised – the NatWest everywoman Awards have achieved in the past ten years exactly what they set out to do – uncover talented women of all ages overcoming obstacles, and platform them as entrepreneurial ambassadors. Every year in December, around 300 people join together at The Dorchester Hotel to celebrate female entrepreneurs who are breaking the mould and creating hugely successful businesses. This year was no exception to rule – we were joined by a group of truly inspiring female entrepreneurs – but, with more reason to celebrate - a decade anniversary.

We had the delight of hearing the stories of so many successful women – from Kate Mosse, founder of the Women Prize for Fiction, who took home the Spirit of everywoman Award, a thriving woman in the arts, to Amanda Wakeley OBE, one of the truly great British designers, who graciously accepted the Ambassador Award.  Our NatWest everywoman Award went to Liz Doogan Hobbs MBE of Liz Hobbs Group, an organisation which provides music concerts after sporting events – revolutionising the industry. Turning over an impressive £7m annually, Liz accepted the award with the thanks of her team – “you’re only as good as the people around you”, she explained.

There were so many other incredible winners on the day, from Julie Deane of The Cambridge Satchel, who set up her company to fund education for her children, to Elli Chapman from Culture Works East, who suffers from Hypermobility Syndrome, yet still managed to establish herself as an incredibly successful female entrepreneur. As well as the 2012 winners and finalists, the room was filled with so many other inspirational women who had taken home awards from the past ten years.

With speakers such as the Minister of Equalities, Jo Swinson and Dame Mary Perkins, patron of the awards and Founder of Specsavers – it wasn’t only the winners and finalists that left a lasting impression on the guests. Dame Mary Perkins made her entrance with none other than James Bond – an entrance as grand as one would expect from a woman who has established one of the UKs most successful businesses – Specsavers, more than 45 years ago. Jo Swinson was another inspirational speaker – expressing her strong desire to improve gender equality in organisations around the UK and establish equal pay across both men and women. Olivia Sterns, one of Bloomberg’s leading reporters, was the compere and another fine example of a woman excelling in her role in the media.

What the Awards have done, and continue to do, for the UK economy is, in my eyes, exceptional. The day, although incredibly lavish and wonderful, doesn’t stop at The Dorchester - it goes way further than that. With the help of a little bit of word of mouth and the beauty of social media, the day has the capacity to encourage other females to follow their dreams, just like the winners and finalists. Only by showcasing these successful female entrepreneurs as role models will other women then feel inspired to create their own businesses.  By encouraging females around the UK to start businesses of their own; the UK economy will grow and thrive – something that is an absolute necessity today, and for the future.

Watch the ten year anniversary showreel of the NatWest everywoman Awards >>

View the winners of the 2012 NatWest everywoman Awards >>


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