InsightsResource - Court of Protection, Powers of Attorney, Tax Planning, Wills and Probate - POSTED: May 26 2021
Wills and tax planning – virtual Q&A
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In this 30-minute virtual Q&A session, Wills specialist Alexandra Gordon and Court of Protection expert Michael Cressey provide the answers to common questions about Wills, tax planning, trusts and inheritance tax.
They begin the session by explaining exactly what Wills and trusts are. They then move on to answering questions by viewers before and during the Q&A.
What does the session cover?
Topics covered in the session include:
- If you just want to leave everything to a spouse and subsequently, your children, why would you need a Will?
- Why would an estate be left in a discretionary trust?
- What is the inheritance tax threshold for property owners?
- What are the rules for inheritance tax on lifetime gifts?
- Can you secure a parent’s property so it won’t be used for care home fees?
- The rules for property held in a discretionary trust
- The benefits of deeds of variation
- How easy is it to change a Will and family trust?
- How often should you review or change a Will?
- Is there a minimum number of executors and trustees that you should appoint in your Will?
- Is it better to use an online Will rather than use a solicitor?
Get clear, practical guidance and advice from experts in their fields.
View on-demand – how to watch
Play the video below to see the full recording of the virtual Q&A session.
You can switch on subtitles within the video player to follow as you watch.
This content is correct at time of publication
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