LAW2023 Online: Wills and Probate (Spring)

This event launches on 5th April and includes:

• High quality 4 x 1 hour pre-recorded videos and audio broadcast (topic titles are listed below)
• Q&A – a recording of the 1-hour 'Shape the Debate' session with our speakers that is taking place on 26th April 2023. This is your opportunity to hear our experts answering questions on both the pre-recorded content and general day to day Probate issues
• LAW2023 Online: Wills and Probate online exhibition – you can gain an additional hour of CPD via a choice of webinar from our Webinar Learning Library worth £35 +VAT.

Topics Include:

The Removal of Personal Representatives

Presented by James Beresford

This is a practical session that will provide a grounding in the steps that have to be taken to remove a personal representative .

This session will cover:

• The appropriate legislation
• Key Case Law
• Professional Executorships
• Practical suggestions on what to do if a client wishes to appoint your firm as an executor
• Best practice if you are asked to renounce by the deceased's family.

Common Errors and Negligence in Will Drafting

Presented by James Beresford

This is a practical session that will cover:

• • A background to the case law regarding negligence in Will writing
  • A review of the issues to be aware of including Under Influence and Mental Capacity
  • The common areas where errors arise
  • Practical safeguards to put in place.

Achieving 'Fairness' in Wills

Presented by Professor Lesley King - Private Client Consultant, University of Law

Clients often want to leave their property fairly’ amongst their family members but may not foresee the problems that their instructions may create.

This session will look at some of the difficulties that good advice may help to avoid.

It will include:

• • The impact of IHT
  • Unfairness caused by lifetime gifts
  • Problems of ademption
  • Fluctuations in asset values
  • The second family problem
  • Clients with wealth tied up in businesses.

Exploring the RNRB and Downsizing Allowance

Presented by Professor Lesley King - Private Client Consultant, University of Law

This session will look at how to get the best out of the Residence Nil Rate Band and look at some common misapprehensions.

It will look at how the downsizing allowance works and when it is and isn’t available.

In particular it will look at the following:

• What is a qualifying residential interest?
• How does the taper threshold work?
• Can Equity Release help?
• How do you value the qualifying residential interest at death?
• How to get the allowance when the residence is left in the ‘wrong’ way
• What is downsizing?
• How the downsizing allowance is calculated
• What happens if a person moves more than once?