Wills, Probate, Trusts & Tax Update 2024

KEY SUBJECTS

This session will provide a review of current issues in Private Client Practice. The session will focus on good practice and avoiding pitfalls. The content will depend on developments over the summer but is likely to include:

SPEAKER

Professor Lesley King, Professional Development Consultant, University of Law

CONFERENCE PROGRAMME

9.30am CHAIRMAN’S INTRODUCTION

TAX

• IHT: Can you get a grant on credit?
• Recent decisions on BPR and APR
• APR: Changes to the rules and Consultation
• Implications of the reduced CGT annual exemption: can trustees take steps to minimise CGT?
• Accelerated reporting of CGT on UK residential land and PRs
• The changes to the income tax rules for low income trusts and estates: good or bad news?
• Limitation of tax relief to UK charities

WILLS & PROBATE

• A look at errors in will drafting in recent cases including Pead v Prostate Cancer UK
• Any developments in relation to the Trust Register: the position on post-death variations
• Recent decisions on I(PFD)A 1975
• Implications of Charities Act 2022

TRUSTS

• STEP Standard Provisions 3^rd edition
• The dangers of self-dealing
• The TRS Consultation

Professor Lesley King, Professional Development Consultant, University of Law

1:00pm CLOSE OF PROCEEDINGS