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kyoko canaway
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Decks in this class (32)
Introduction to estates
What does intestacy mean 1,
What is meant by succession estat...,
What does it mean if someone has ...
31
cards
Intestacy rules
Who inherits the entire estate if...,
What happens to the estate if the...,
What is the inheritance rule if b...
17
cards
Validity of a will
What is the minimum age requireme...,
What is the legal presumption reg...,
What is the test for capacity 3
43
cards
IPFDA 1975
What is the first requirement whe...,
Who can apply under the ipfda 2,
What is the time limit for making...
20
cards
Post death changes
How is a gift from an original be...,
What is a potentially exempt tran...,
What is the capital gains tax cgt...
22
cards
Will drafting
What is included in the commencem...,
What non dispositive clauses may ...,
What is the minimum number of exe...
36
cards
Will construction
When does the will generally spea...,
What words can demonstrate a cont...,
If a collection is capable of gro...
28
cards
Pro conduct
What should a solicitor do if the...,
What are the key components of pr...,
How should the solicitor be aware...
11
cards
IHT I
What is the lifetime rate for iht 1,
What is the death rate for iht 2,
What are potentially exempt trans...
35
cards
IHT - lifetime
What are the two separate calcula...,
What is a potentially exempt tran...,
When does a potentially exempt tr...
16
cards
IHT - death estate
What is the cumulative total 1,
What does the taxable death estat...,
If the deceased owned a house as ...
24
cards
IHT - exemptions and relief
What is an exemption in the conte...,
What is relief in the context of ...,
What exemptions and relief are li...
39
cards
Role of a PR
What is the primary role of a per...,
Can a personal representative be ...,
What must the wording of the appo...
20
cards
Powers of a PR
What defines the powers of a pr 1,
How do statutory powers apply to ...,
What statutory powers exist for p...
28
cards
Protection for PRs
What can prs seek if the construc...,
What is the benefit of s48 aja 19...,
What is required for trustees und...
12
cards
Grants of representation
What is the purpose of a grant of...,
What authority do executors have ...,
What do administrators derive the...
27
cards
Preliminary steps in administration
What do personal representatives ...,
How can government organizations ...,
Is there a legal obligation to fo...
21
cards
Executors' entitlement to the grant
Who may take out the grant of pro...,
Can a named executor appoint some...,
What are the conditions that make...
21
cards
Administrators' entitlement to grant
What is the basis for the appoint...,
What is the order of priority for...,
What is the order of applicants f...
13
cards
IHT - reporting to HMRC and payment
What is the duty of prs regarding...,
What must be specified in the acc...,
What is the deadline for submitti...
20
cards
Applying for a grant of representation
What must applicants provide to t...,
What are the two methods of appli...,
What are the time limits for obta...
27
cards
Affidavits
What is an affidavit 1,
What are the requirements for an ...,
When may an affidavit be needed 3
14
cards
Collection of assets and payment of debts
What is required for banks to pro...,
How should actual property be han...,
How can investments be sold or tr...
23
cards
IHT - liability and burden
Who generally pays iht on an lct ...,
What happens if the donor elects ...,
Who is liable to pay iht due for ...
14
cards
Income tax and CGT
What is the responsibility of prs...,
What tax return must be submitted...,
How is the deceased s income acco...
21
cards
Distribution and estate accounts
What is the first step that prs m...,
What is the final step of adminis...,
Can prs make an interim distribut...
28
cards
Anti-avoidance rules
What must be deducted before valu...,
What are the anti avoidance provi...,
What must be done with the costs ...
25
cards
IHT - tax planning in life
What is tax avoidance 1,
What characterizes aggressive tax...,
Define tax evasion 3
30
cards
IHT - tax planning in will
What are exempt beneficiaries in ...,
What are the types of qualifying ...,
What if you want to give a qualif...
13
cards
Will trusts
What is the relationship between ...,
Who is the settlor in a will trust 2,
What duties apply to trusts creat...
17
cards
Revocation
What is required for revocation b...,
How can a will be revoked by dest...,
Who must be present when a will i...
27
cards
Alteration and amendment of wills
What are the conditions for incor...,
What happens if a document is val...,
What is the best way of including...
36
cards
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Wills and Administration of Estates
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