The Land Registry is considered to be conclusive evidence of ownership of a property. This means that the person or entity listed as the owner in the Land Registry is legally considered to be the owner of the property, and their ownership rights will be recognized by the government and courts. However, it's worth noting that this may vary depending on the jurisdiction, and in some cases, additional legal steps may be required to establish ownership.
Equity release enables homeowners aged 55 and over to access tax-free cash from their home value. The amount is determined by the homeowner's age and home value. Options include a lump sum or a series of smaller lump sums, depending on the product selected.
Equity release isn't suitable for everyone, just like other financial products. However, it can be beneficial for some individuals by releasing the money locked in their property, such as for home renovations, gifting to family, or paying off debts. Consider carefully before using your home to secure additional debts.
Equity release plans must be repaid upon the death of the last borrower or if the borrower enters long-term care. Early repayment is possible but may incur an Early Repayment Charge (ERC) penalty.
Yes, local authorities can bring prosecutions against parents for offences found in sections 443 and 444 of the Education Act 1996. That being failure to comply with a school attendance order or failure to secure regular attendance at school of a registered pupil.
Section 444 of the Education Act 1996 makes it an offence if a child is absent from school without authorisation.
Failure to ensure a child’s regular attendance at the school at which he/she is a registered pupil is a criminal offence under the Education Act 1996.
If the local authority thinks a parent needs support getting a child to go to school but the parent is not co-operating, the local authority can apply to a court for an Education Supervision Order. A supervisor will be appointed to help you get your child into education.
A parent can be served with a School Attendance Order if the local authority thinks a child is not receiving an education. Upon receipt, a parent will have 15 days to provide evidence that they have registered a child with a school listed in the order or that the parent is giving them home education. If a parent does not, the local authority could be prosecuted or given a fine.
There are several different kinds of trusts that serve different purposes for the settlor (the party/s who put assets into the trust). Trust types include bare trusts, interest in possession trusts, mixed trusts, discretionary trusts, accumulation trusts, settlor-interested trusts and non-resident trusts. The most common types of trusts to be set up during a lifetime are the following.
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