Latest news with #JMW
Telegraph
17-05-2025
- Business
- Telegraph
Inheritance fueds to rise as warring relatives in line for more rights
Second spouses, divorced partners and stepchildren should be able to challenge binding wills for more money, a landmark report has said. In England and Wales, a person's possessions are left to whomever they choose. However, if a potential heir can prove they were financially dependent on the deceased – even if they were cut out of the will – they can go to court to challenge it, under the Inheritance Act 1975. And a new report by the Law Commission on Friday recommends these dependents are given even greater rights to estates. The guidance states that where a person has a mutual will – where two people make a will that binds both of them when the first dies – potential heirs should be able to make a claim on the property included. Currently, family homes subject to a mutual will are excluded from estates when challenges are considered. The changes have been put forward to the Government who will now consider whether to update the law. If approved, lawyers said it could lead to larger settlements and more claims because it will increase the size of estates being considered. More than 10,000 wills were challenged in 2023, up 43pc since 2019, according to figures from the Ministry of Justice. Alison Parry, of law firm JMW, said that mutual wills can produce 'quite unfair results', especially where a survivor remarries. She told The Telegraph: 'Say one of them dies in their late 40s, and the survivor goes on to have another marriage, potentially more children … Then those extra people in the survivor's life might have a very good claim under the inheritance act. 'They wouldn't be able to get that because the property is tied up in the mutual wills agreement.' Tamasin Perkins, Partner at Charles Russell Speechlys, said: 'For too long, treating mutual wills as unavailable on a 1975 Act claim has created a loophole that has allowed some estates to side step those protections. 'We've seen first-hand how this can lead to unfair outcomes, often for children, stepchildren and financial dependants.' Samara Dutton, partner at Collyer Bristow, said: 'Mutual wills remain relatively uncommon, so the practical impact of this reform will be limited in scope but significant in effect for those it touches.' The Law Commission began looking into wills in 2016, before pausing the research in 2019 to focus on marriages, at the Government's request. It published the results of two public consultations and draft legislation on Friday. The report found that current laws are not doing enough to protect the elderly and vulnerable from financial abuse, amid a rise in so-called 'predatory marriages'. The commission also recommended that electronic wills be considered valid, that marriage should no longer invalidate a will, and that those aged over 16 should be given the right to make a will, rather than just those over 18. It also said that more informal wills should be recognised by courts, and proposed changes to rules about when disabled or mentally incapacitated people can make decisions for themselves. Amanda Collins, of law firm Moore Barlow, said: 'In practice, I've seen a sharp increase in probate disputes, particularly around the validity of a will. 'Disputes can lead to confusion, mistrust and lasting divisions between relatives. This trend points to the inadequacy of the current legal framework and the need for reform to protect families and give them the clarity and protections needed.' Hayley Robinson, of law firm Stevens & Bolton, said: 'We would flag the risk of a large increase in potential litigation. 'More flexibility around testamentary affairs can only be a good thing, but where any recommendation includes giving the Court a jurisdiction to approve formally invalid wills in 'exceptional' circumstances, it must be assumed that litigation will follow around what 'exceptional' really means.' The Ministry of Justice said it 'welcomed' the report and will give it 'detailed consideration.'
Telegraph
04-03-2025
- Business
- Telegraph
BT's £1m leadership guru fell asleep in meetings
BT spent more than £1m to bring in a leadership guru for its senior managers who repeatedly fell asleep in meetings owing to medication he was taking. Dan Spiwack, the chief executive of US-based JMW Consultants, was brought in by Allison Kirkby, BT's chief executive, on a nine-month, £1.3m contract shortly after she took charge early last year. Alongside colleagues he ran a leadership event for senior executives and then attended their committee meetings for months afterwards, with the aim of providing feedback on their interactions. However, multiple sources said Mr Spiwack repeatedly fell asleep in the meetings and missed significant decisions. One source said: 'It was ridiculous and became a running joke among some people and their teams. He was openly asleep.' A spokesman for JMW said Mr Spiwack had fallen asleep as a result of heart medication which had made him drowsy and had stopped taking it when this became clear. While Mr Spiwack's drowsiness was not related to the length of the meetings, BT is notorious among even its own staff for its culture of lengthy discussions and PowerPoint presentations. Executive committee meetings can last up to nine hours, with each attendee handed papers running up to 500 pages. By contrast, Amazon is famous for the succinct six-page memos which are read by everyone at the start of every meeting. It is understood that Ms Kirkby appointed JMW on the recommendation of BT's human resources department following an open procurement process. The contract was not renewed. One its website, JMW says it has an 'unapologetic focus on the human element in organisational and operational success' and that the 'the mindset and behaviour of leaders, aligned across and within divisions, is the most powerful multiplier of impact'. Slow-moving culture Ms Kirkby is the latest chief executive of BT, a former state monopoly, to attempt to shift its slow-moving culture. She is seeking to increase collaboration between departments and break down long-standing barriers to growth. Several of the company's senior leadership have been replaced or are in the process of moving on. She is now under pressure to deliver change from number one shareholder Bharti Global, the Indian conglomerate controlled by billionaire Sunil Mittal. Ms Kirkby is continuing a programme of significant job cuts; by November BT had cut 16,000 roles in two years.
