One Year On: The Impact of the Isle of Man Trusts and Trustees Act 2023 Since receiving Royal Assent on 18 July 2023, now more than one year on, the Trusts and Trustees Act 2023 (“the 2023 Act”) has introduced significant updates to the Isle of Man's trust law, aiming to [...]
Optimising Tax Strategies for Non-Doms The Benefits of Using an Isle of Man Trust with Manavia The imminent changes in the UK's non-dom regime as announced in the Spring Budget 2024 underscore the necessity for effective tax planning strategies. The Isle of Man trust stands out as a particularly advantageous [...]
Estate Administration Estate Administration | An Executors Guide When someone dies, it is firstly, very important to establish whether there is a Will. If there is a Will, you may find that you have been appointed as an Executor. As an Executor, it is your job to check whether there are [...]
Mental Health Receivership If you have found yourself in a position of needing to make decisions for someone who has lost their mental capacity and there's no Enduring Power of Attorney then you will need to apply for what is called a Mental Health Receivership. An application can be made [...]
What is a Power of Attorney? We understand that not everyone understands what a Power of Attorney really is. A Power of Attorney (POA) is a document which allows elected persons to act for another. The person making the power of attorney is called a donor and the person appointed to act on [...]
Isle of Man Wills Jargon Buster Below is our Wills Jargon Buster to help give some details on the terms used: Administrator | The alternative name for an Executor who is entitled to administer your Estate if you die. Assets | All property that a person owns including a home, money, car, [...]
Power of Attorney | Explained MannBenham Advocates are here for you to talk through what you need, with years of legal, professional experience and knowledge including specialists in the field of mental capacity, particularly with respect to Enduring Powers of Attorney and receivership matters. What is a Power of Attorney? A Power of [...]
Isle of Man Probate - FAQs Frequently Asked Questions The loss of a loved one always has devastating effects. Add to that funeral arrangements, application for death certificate, coping with the loss yourself and on top of all that’ you are presented with a whole heap of papers, forms and [...]
Why Make A Will? At MannBenham we understand that arranging a Will or dealing with Probate matters can be a stressful time. A Will is a legal document that allows you to direct what should happen to your estate after your death. So, Why Make A Will? Well, it ensures that your possessions [...]
Power of Attorney | Explained MannBenham Advocates are here for you to talk through what you need, with years of legal, professional experience and knowledge including specialists in the field of mental capacity, particularly with respect to Enduring Powers of Attorney and receivership matters. What is a Power of [...]
