Date/Time
Date: 02/09/2019
Time: 12:00 am
Speaker - Gill Steel
Categories

AVAILABLE FROM 2ND SEPTEMBER 2019 FOR A ONE OFF FEE OF:

£1,790 + VAT FOR NON-MEMBERS

OR £1,590 + VAT FOR LIPS LEGAL MEMBERS

FOR INDEFINITE USE FOR BOTH EXISTING AND FUTURE STAFF

A 10 ONE HOUR RECORDED LIPS LEGAL WEB SEMINAR TRAINING MODULE AVAILABLE TO PURCHASE AS A CD OR ON DEMAND MP4 RECORDING LINK FOR UNLIMITED USE WITH NO EXPIRY DATE FROM 2ND SEPTEMBER 2019

Aims

This webinar series is aimed at people new to Probate; or who are changing discipline; or those who would welcome a basic refresher if they have not dealt with the administration of estates for some years.

It is designed to look at good practice and procedure as well as incorporating relevant issues of law and basic inheritance tax.

Outcomes

Participants will:

  • Be able to set up and manage a Probate file
  • Have a series of checklists and questionnaires for use in the office
  • Be able to prepare relevant documents to obtain a Grant of Representation
  • Understand the impact of IHT on estates and how to complete the IHT 205 form
  • Have an understanding of estate accounts

What will be covered:

  1. Overview of the complete process – a helicopter view of the whole process
  2. Professional rules and file management – compliance with the Solicitor’s Code of Conduct, Risk assessment, Anti-money laundering requirements and what constitutes good file management will set the process off on a firm footing
  3. Action on death – starting with the initial contact, initial interview with the PRs and information gathering
  4. Intestate succession – what happens when there is no valid Wills – an examination of the current intestacy rules
  5. Obtaining the relevant Grant of Representation – a look at the different forms of Grant and court procedures available
  6. Overview of Inheritance tax on death and the IHT 205 form – an introduction to Inheritance Tax and the completion of the simpler IHT form
  7. Preparing the probate papers – what documents are required to obtain the right Grant; what actions are required of the PRs and what is good practice
  8. Settling debts and distributing the estate – after the Grant is obtained, what happens next?
  9. Problem assets and challenging beneficiaries – a general consideration of what makes even a simple estate complex
  10. Estate accounts & file closure – what should be included in estate accounts; obtaining approval and receipts, concluding the estate and checking the file before closure

Throughout use will be made of case studies and examples to enable participants to administer estates whether testate or intestate.  In addition to the slide presentation, supporting notes will be provided for each session in the series for future reference and reading.

 

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