SQE WILLS AND THE ADMINISTRATION OF ESTATES (with TAX)

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Decks in this class (22)

EXECUTION OF WILLS
Creating a valid will,
Capacity,
Test for capacityby statute a per...
19  cards
ALTERATION, AMENDMENT,AND REVOCATION OFWILLS
When was alteration made,
If made after execution without p...,
Codicils
14  cards
THE INTERPRETATION OF WILLS
Date from which the will speaks,
Types of gifts,
Types of legacies
22  cards
INTESTACY
The rules of intestacy apply when,
Entitlement of spouses and other ...,
Surviving spouse with no issue
11  cards
PROPERTY PASSING OUTSIDE THE WILL OR INTESTACY
Definition of property passing ou...,
Types of property passing outside...,
Property owned as beneficial join...
9  cards
PERSONAL REPRESENTATIVES
Definition of personal representa...,
Appointment of executor,
Persons who may be executor
11  cards
GRANTS OF REPRESENTATION
Courts with jurisdiction,
What is grants of representation,
Non contentious probate rules
25  cards
PRE-GRANT PROCEDURE
The prs frst responsibilities inc...,
Funding the inheritance tax liabi...,
Timing
3  cards
APPLYING TO THE COURT
Application process,
Additional requirements
6  cards
DEALING WITH HIS MAJESTY’S REVENUE AND CUSTOMS (‘HMRC’)
Hmrc s requirements,
Small estates and excepted estates,
Estates using transferable nil ra...
5  cards
DUTIES OF PERSONAL REPRESENTATIVES
Duty to collect the deceased s as...,
Duty to administer the estate,
Duty of care trustee act 2000
6  cards
ADMINISTRATIVE POWERS OF PERSONAL REPRESENTATIVES
Personal representatives powers,
Power to sell mortgage or lease,
Powerto appropriate
13  cards
PROTECTION OF PERSONAL REPRESENTATIVES
Claims of missing beneficiaries o...,
Claims of unknown beneficiaries o...,
Other protections for the persona...
6  cards
COLLECTING AND REALISING ASSETS
In general,
Sale of assets,
A solvent estate
12  cards
POST-DEATH CHANGES
There are two methods by which ch...,
Disclaimers,
Variations
6  cards
PAYMENT OF LEGACIES
Payment of legacies,
Specific legacies and devises,
Pecuniary legacies
7  cards
ASCERTAINING THE RESIDUE
Tax presumptions,
Certifcate of discharge,
Reasonable funeral expenses
7  cards
ASSENTS
Assents,
Requirements,
If the asset is land there is a r...
5  cards
BENEFICIARIES’RIGHTS AND REMEDIES
Rights,
Remedies,
Actions to recover loss
3  cards
CLAIMS AGAINSTESTATES UNDER INHERITANCE (PROVISION FOR FAMILYAND DEPENDANTS) ACT1975
Claims againstestates under inher...,
Time limit,
The applicant
8  cards
INHERITANCE TAX
Effect of domicile,
Chargeable transfers,
Loss to donor
66  cards
TAXATION OF ESTATES IN ADMINISTRATION
Personal representatives income tax,
Personal representatives capital ...,
Income tax
8  cards

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SQE WILLS AND THE ADMINISTRATION OF ESTATES (with TAX)

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