Terry - No the solicitor mucked it up despite getting external tax advice. (I argue the tax accountant has a PI claim coming from the solicitor). The solicitor even queried the tax advice (all in writing !!) but was again misled. This led to two (of three) trust beneficiaries being disadvantaged on entitlements. One overpaid and two underpaid. The beneficiary with advantage refusing to repay the excess.
This illustrates that despite using a solicitor for a conveyance (or any other area of law) its wise to ensure that its an area in which they have depth of experience. Just because someone is a solicitor doesn't make them good at conveyancing. The solicitor in this case wasn't experienced in estate admin and relied solely on a third party who got it wrong.
This illustrates that despite using a solicitor for a conveyance (or any other area of law) its wise to ensure that its an area in which they have depth of experience. Just because someone is a solicitor doesn't make them good at conveyancing. The solicitor in this case wasn't experienced in estate admin and relied solely on a third party who got it wrong.