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Karen Abdallah
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Decks in this class (17)
Intestacy Rules
When do intestacy rules apply,
What assets do the intestacy rule...,
Intestacy rules if only spouse su...
15
cards
Property passing outside the succession estate
What assets will be distributed,
What assets will pass outside the...,
What assets will pass inside the ...
10
cards
Validity of Wills
4 requirements for a valid will,
Testamentary capacity 3 requirements,
When is testamentary capacity pre...
21
cards
Wills: Drafting, Construction, and Gifts
What are the 2 general types of c...,
What are the 6 types of non dispo...,
What is a commencement clause
51
cards
IPFDA 1975: Changes to the estate and distribution following death
Why would someone consider an app...,
What does ipfda stand for,
Eligibility to make an ipfda clai...
22
cards
Amendment and Revocation of Wills (and Codicils)
What are the 3 methods of amendin...,
Manuscript alterations by hand wh...,
Types of alterations and validity 5
37
cards
Post-death Arrangements (variations, disclaimers, and precatory trusts)
Why would a beneficiary want to v...,
Why can t the beneficiary simply ...,
What are 4 methods of varying inh...
20
cards
Administration: PR - Roles, Duties, Powers, Protection from Liability
How are prs appointed and where d...,
What is the role of a pr,
How are prs allowed to deal with ...
39
cards
Administration: Need for a Grant and Types of Grants
What is a grant of representation,
When is a grant not required,
Contents of a grant
10
cards
Administration: Before Obtaining a Grant - Preliminary Steps and Dealing with Assets which do not Require a Grant + Valuation of Assets and Liabilities
General steps to do before obtain...,
Death certificate,
Funeral
19
cards
Administration: PRs - Appointment of Executors, Administrators, Renunciation and Reservation of Power, and Unable and Unwilling to Act
Appointing executors under the will,
Who can be appointed as executor,
What is the maximum number of exe...
25
cards
Administration: Reporting to HMRC and Paying IHT
What are the duties of prs in rel...,
Are iht account and payment done ...,
What is the deadline for paying i...
21
cards
Administration: Applying for the Grant
What are the 2 types of applicati...,
When do professionals apply for a...,
What type of application must can...
27
cards
Administration: Post-Grant - collecting in assets and paying debts
What is the method of collecting ...,
Money collected by prs where shou...,
What are the requirements for the...
12
cards
Administration: Post-Grant - Income Tax and CGT
Prs have 2 different responsibili...,
Deceased s income gains notifying...,
Deceased s income and income tax
14
cards
Administration: Post-Grant - Distribution of the Estate
What are considerations for the p...,
What timing considerations must t...,
How would the prs transfer the fo...
11
cards
Inheritance Tax
What 3 events may trigger an iht ...,
What is a potentially exempt tran...,
What is a lifetime chargeable tra...
52
cards
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Wills and the Administration of Estates
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