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This is one of three one-hour live webinars which can be purchased for a discounted package price of £75 + VAT.
The way in which property has been left on death is often unsatisfactory sometimes the will was prepared in haste without professional help but even where the will was prepared professionally, it may have become unsuitable because the personal circumstances of family members have changed or tax legislation has altered. The introduction of the residence nil rate band in 2017 means that many wills prepared before that date are now unsuitable. Inevitably the current Covid pandemic will mean an increase in unsatisfactory wills in 2020/21.
However, families are not stuck with an unfortunate outcome. Statutory provisions allow the way in which assets have been left to be complete redrafting redrafted after death to achieve a better result.
Although private client practitioners use these provisions on a regular basis, this session looks at opportunities and traps which may catch you out.
This session examines:
- the alternative provisions available
- what can be achieved
- the pitfalls
By the end of the session the delegates will be able to:
- select and implement the appropriate provision;
- avoid the pitfalls
Professor Lesley King of the University of Law is co-author of Wills, Taxation and Administration: A Practical Guide; A Modern Approach to Wills, Administration and Estate Planning (with Precedents); A Practitioner’s Guide to Wills; Wills: A Practical Guide and editor of The Probate Practitioner’s Handbook. She is the wills and probate columnist for the Law Society Gazette, and writes and lectures extensively on wills, taxation and related matters.