【是相遇啊-备考 SQE2 学科笔记】
PROBATE
Contents
Will
1. Validity of a will.................................................................................................................................... 2
2. Formality................................................................................................................................................2
3. The will speaks from death.................................................................................................................... 3
4. Revocation............................................................................................................................................. 3
5. Alteration............................................................................................................................................... 3
6. Guardian.................................................................................................................................................3
7. Gifts by will........................................................................................................................................... 3
8. Drafting points....................................................................................................................................... 4
Intestacy Rule
1. Definition............................................................................................................................................... 4
2. Intestacy rule.......................................................................................................................................... 4
Property passing outside will/intestacy rule and its IHT implication
1. Passing with no IHT to be paid..............................................................................................................6
2. Passing with IHT to be paid...................................................................................................................6
IHT
1. Nil rate band...........................................................................................................................................7
2. Residential nil-rate band........................................................................................................................ 7
3. Instalments option.................................................................................................................................. 7
4. Funding.................................................................................................................................................. 7
5. Excluded assets...................................................................................................................................... 8
6. Exempt transfer...................................................................................................................................... 8
, 【是相遇啊-备考 SQE2 学科笔记】
7. Potential Exempt transfer.......................................................................................................................8
8. Lifetime chargeable gifts....................................................................................................................... 8
9. Which form to use..................................................................................................................................8
Assets which may be realised without a grant
1. Assets passing outside will/intestacy r ule...........................................................................................8
2.Small payments due to the estate.........................................................................................................8
3. Cash....................................................................................................................................................... 8
4. Chattels................................................................................................................................................. 8
Pre-grant--Client interview template
Probate application
1. Pr ior ity to apply for pr obate.............................................................................................................10
2. Gr ant of letter s of administr ation.....................................................................................................10
3. Gr ant of letter s of administr ation with the will annexed............................................................... 10
4. Gr ant of pr obate.................................................................................................................................11
Post-grant
1. Duties & power of the PR/tr ustee.....................................................................................................11
2. Pr otection against unknown claims..................................................................................................12
3. Paying the gifts................................................................................................................................... 12
4. Paying debts........................................................................................................................................12
5. Fur ther tax matter s............................................................................................................................12
6. The Inher itance (Pr ovision for Family and Dependant) Act 1975................................................ 13
7. Pr oduce estate accounts for the r esiduar y beneficiar ies................................................................ 13
8. Winding up the estate........................................................................................................................ 13
PROFESSIONAL CONDUCT AND ETHICS
PROBATE
Contents
Will
1. Validity of a will.................................................................................................................................... 2
2. Formality................................................................................................................................................2
3. The will speaks from death.................................................................................................................... 3
4. Revocation............................................................................................................................................. 3
5. Alteration............................................................................................................................................... 3
6. Guardian.................................................................................................................................................3
7. Gifts by will........................................................................................................................................... 3
8. Drafting points....................................................................................................................................... 4
Intestacy Rule
1. Definition............................................................................................................................................... 4
2. Intestacy rule.......................................................................................................................................... 4
Property passing outside will/intestacy rule and its IHT implication
1. Passing with no IHT to be paid..............................................................................................................6
2. Passing with IHT to be paid...................................................................................................................6
IHT
1. Nil rate band...........................................................................................................................................7
2. Residential nil-rate band........................................................................................................................ 7
3. Instalments option.................................................................................................................................. 7
4. Funding.................................................................................................................................................. 7
5. Excluded assets...................................................................................................................................... 8
6. Exempt transfer...................................................................................................................................... 8
, 【是相遇啊-备考 SQE2 学科笔记】
7. Potential Exempt transfer.......................................................................................................................8
8. Lifetime chargeable gifts....................................................................................................................... 8
9. Which form to use..................................................................................................................................8
Assets which may be realised without a grant
1. Assets passing outside will/intestacy r ule...........................................................................................8
2.Small payments due to the estate.........................................................................................................8
3. Cash....................................................................................................................................................... 8
4. Chattels................................................................................................................................................. 8
Pre-grant--Client interview template
Probate application
1. Pr ior ity to apply for pr obate.............................................................................................................10
2. Gr ant of letter s of administr ation.....................................................................................................10
3. Gr ant of letter s of administr ation with the will annexed............................................................... 10
4. Gr ant of pr obate.................................................................................................................................11
Post-grant
1. Duties & power of the PR/tr ustee.....................................................................................................11
2. Pr otection against unknown claims..................................................................................................12
3. Paying the gifts................................................................................................................................... 12
4. Paying debts........................................................................................................................................12
5. Fur ther tax matter s............................................................................................................................12
6. The Inher itance (Pr ovision for Family and Dependant) Act 1975................................................ 13
7. Pr oduce estate accounts for the r esiduar y beneficiar ies................................................................ 13
8. Winding up the estate........................................................................................................................ 13
PROFESSIONAL CONDUCT AND ETHICS
