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Ensuring Added Value in Estate Administration and Planning

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Location

Denbies Wine Estate

London Road

Dorking

RH5 6AA

United Kingdom

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Refund Policy

Refunds up to 7 days before event

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Sponsored by HFS Milbourne

Adding value in probate work is a constant aim for lawyers administering estates, watching for opportunities to differentiate their offering. With ever increasing competition, encouraged by the Competition and Markets Authority’s report on Legal Services in December 2016 (which starts with residential conveyancing but will be targeting will drafting and probate fees), it’s a good time to take stock of probate work in the light of recent major changes. Pro-active advice of steps that can better reduce tax liabilities is increasingly important.

The new IHT relief of homes, RNRB, is now affecting estates and can have a significant effect on action required, and potential variations within two years of death. and the 3% higher SDLT charge can create problems for beneficiaries. So how can tax traps be avoided and executors and beneficiaries better advised?

  • Estate Administration: Tax issues – IHT, CGT, Income Tax & Variations.
  • How to administer estates most effectively, to use the tax planning options available especially with RNRB & to avoid the tax traps;
  • Appropriations –the crucial legal & tax aspects;
  • SDLT: what steps might save the extra 3% charge
  • Valuations of property, chattels & investments: changes of value post Death – gains and losses on property & investments;
  • Interaction of IHT loss relief & CGT; CGT on executors & individuals;
  • Income Tax of administration period; timing of distributions & Income Tax planning;
  • Deeds of Variation: The key tax issues when varying an estate – IHT, CGT & Income Tax, including planning to maximise use of RNRB;
  • Gifts to Charities - including using Deeds of Variation to reduce IHT to 36%.

Speaker: John Bunker LLB. CTA TEP is a freelance lecturer, solicitor and chartered tax advisor, who is also Head of Private Client Knowledge Management of Irwin Mitchell LLP. Alongside this role responsible for technical development and training, to which he moved in 2012 after 23 years as a partner, specialising in wills, trusts, estate and tax planning, he has developed his external training work in a freelance capacity.


This seminar is aimed at achieving Competency Statement B – Technical Legal Practice: To give an increased knowledge of the subject matter; to update on current issues, case law and statutory provisions and to be able to apply the knowledge gained in the better provision of a service to the client.


Please note that this seminar will be held in the Ranmore Suite on the Ground Floor at Denbies Wine Estate, Dorking. Registration is from 1.30pm with tea and coffee. The session will commence at 2.00pm and finish at 5.15pm with a 15 minute break at about 3.30pm for tea.


Please check our website at www.surreylawsociety.org.uk/terms for the Terms & Conditions before booking.


FAQs

Where can I contact the organiser with any questions?

helen.opie@surreylawsociety.org.uk

What if I do not wish to pay online by credit card?

To pay by cheque or BACS please contact admin@surreylawsociety.org.uk



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Date and Time

Location

Denbies Wine Estate

London Road

Dorking

RH5 6AA

United Kingdom

View Map

Refund Policy

Refunds up to 7 days before event

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