Wrigley Claydon Solicitors

Category: Step-by-step Guides

  • 6 steps to take when you have a boundary dispute with your neighbour

    Dealing with a boundary dispute with your neighbour can be a delicate situation.

    Here are some steps to consider :

    1. Review Property Documents:

    • Examine your deeds and any  surveys. Familiarise yourself with local laws and regulations related to property boundaries.

    2. Document Everything:

    • Keep a record of all communication, including dates, times, and details of discussions in case the dispute escalates and legal action becomes necessary.

    3. Open Communication:

    • Have a discussion with your neighbour and attempt to seek a resolution.

    4. Get a Professional Survey:

    • Instruct a chartered surveyor to determine the property boundaries.

    5. Mediation:

    • A neutral third party can help facilitate a conversation and guide both parties towards a resolution.

    6. Obtain Legal Advice:

    • A legal professional will help you  understand your legal rights including whether there is an adverse possession claim and They can provide guidance on how to proceed if Court action becomes necessary.
  • 5 Steps to consider before buying or leasing commercial property

    5 Steps to consider before buying or leasing commercial property

    When it comes to renting or buying a business property, there are several steps you should consider to make the best decision for your company. Here are some key steps to follow:

    1. Determine your budget: Before you start looking for a business property, you need to determine your budget. Consider how much you can afford to spend on rent or mortgage payments, as well as other costs like utilities and maintenance.
    2. Consider your location: The location of your business property is crucial. Look for areas that are easily accessible for both customers and employees. Consider factors like traffic flow, parking availability, and nearby amenities.
    3. Evaluate the condition of the property: If you’re considering buying a commercial property, get the property surveyed to evaluate its condition. If you’re renting, make sure to carefully review the lease  and identify any potential issues that may need to be addressed.
    4. Consider your financing options: If you’re buying a property, consider your financing options. Look for lenders who specialize in commercial property loans and compare rates and terms to find the best deal.
    5. Negotiate the terms: Whether you’re renting or buying, it’s important to negotiate the terms of the lease or purchase agreement. Work with your lawyer or broker to help you negotiate favourable terms and protect your interests.

    By following these steps, you can make an informed decision when it comes to renting or buying a business property. Remember to take your time, do your research, and make a decision that meets the needs of your business and fits within your budget.

  • 7 Steps you need to take before creating a Will

    7 Steps you need to take before creating a Will

    Creating a will can be an important step to take before someone passes away, but it’s important to make sure you follow the correct procedures. Here’s a step-by-step guide to help you through the process:

    1. Understand what a will is:

    • It is a legal document that outlines how a person’s assets and property will be distributed after their death. The document must be signed and witnessed in a specified way in order to be valid.

    2. Create a will:

    • Create a will while you are still able to do so. It will help ensure that your wishes are carried out after your death. Without a will, the law will say who inherits your assets.

    3. Choose an executor:

    • Choose someone who is trustworthy and capable of handling the responsibilities involved, as they will be responsible for carrying out your wishes after your death.

    4. Gather information:

    • Before creating a will, you will need to gather information about your assets and property. This can include bank accounts, investments, property, and personal belongings.

    5. Consult a lawyer:

    • You may want to consult a lawyer to help you create a will. A lawyer can help ensure that the will is legally binding and meets your individual needs.

    6. Determine how assets will be distributed and any liabilities paid:

    • You will need to determine how your assets will be distributed after your death. You may want to leave specific items or amounts of money to certain individuals, or may want to divide your assets equally or unequally between people or organisations.

    7. Store the will in a safe place:

    • Once the will has been created, it should be stored in a safe place where it can be easily accessed after your death. This can include a safe deposit box, a fireproof safe, or with a trusted family member or lawyer.

    Creating a valid will can be tricky, but taking these steps can help ensure that your wishes are carried out and that your assets are distributed according to your wishes. Without a will, your nearest and dearest e.g. unmarried cohabitee may not inherit anything.

  • 8 Benefits of setting up a limited company

    8 Benefits of setting up a limited company

    Setting up a limited company in the UK offers several benefits for entrepreneurs and businesses. Here are some of the key advantages:

    1. Limited liability: One of the most significant benefits is limited liability protection. As a shareholder or director of a limited company, your personal assets are separate from the company’s finances.
    2. Professional image: A limited company structure can enhance your professional credibility and reputation.
    3. Tax efficiency: Limited companies in the UK are subject to corporation tax on their profits, which can be more tax-efficient than personal income tax rates and benefit from various tax planning opportunities.
    4. Separation of personal and business finances: Running a limited company allows for clear separation between your personal finances and those of the company. This separation simplifies accounting and financial management, making it easier to track business income, expenses, and profits.
    5. Access to funding and investment: Limited companies have more opportunities for raising capital compared to other business structures. They can issue shares to attract investors, apply for business loans, seek venture capital, or participate in government funding schemes.
    6. Perpetual succession: A limited company has a perpetual existence, separate from its directors and shareholders. This means that the company can continue to operate even if the ownership or management changes.
    7. Personal remuneration options: As a director and shareholder of a limited company, you have flexibility in how you receive income. You can pay yourself a combination of salary, dividends, and benefits, allowing you to optimize your personal tax position and potentially reduce your overall tax liability.
    8. Brand protection: Registering your business as a limited company can protect your chosen company name. It ensures that no other company can use the same or a similar name, reducing the risk of brand confusion and infringement.

    It’s worth noting that setting up and running a limited company comes with certain responsibilities, such as fulfilling legal and regulatory obligations, maintaining proper accounting records, and submitting annual accounts and tax returns. Therefore, it’s advisable to seek professional advice from an accountant or business advisor to understand the specific implications for your situation.