Wills, Administration and Taxation Law and Practice applies a practical approach to a subject which forms a large part of the work of many solicitors. It deals comprehensively with tax considerations, the substantive law and also covers drafting, probate practice and procedure.
Provides invaluable guidance for both students studying the LPC or BVC and those new to practice
Uses precedents, examples of frequently used forms and worked examples to present a clear, practical picture of the operation of the law
Deals fully with the changes to CGT introduced in 21/11 including the introduction of the 28% rate payable by personal representatives and trustees
Covers the implications of the 5% rate of income tax payable by many trusts
Includes a wealth of key case law, for example recent decisions on statutory and mutual wills
CONTENTS
Introduction
Is there a valid will?
Intestacy
Inheritance tax
Capital gains tax
Income tax
Taxation of trusts and settlements
Grants
Probate jurisdiction
Obtaining the grant (non – contentious cases)
Powers and duties of personal representatives
Practical considerations during administration
Duties of solicitors
Protection of personal representatives
The payment of debts
Legacies and devises
Construction of wills
Completing the administration
Post – mortem alterations
The Inheritance (Provision for Family and Dependents) Act 1975