Difficult Topics in relation to the winding up of an Executry Estate
Date 08/02/2012
Speaker John Kerrigan (Partner, Morisons LLP)
Seminar Details In this seminar John Kerrigan will examine difficult topics for executors to deal with, including –
Interpretation of Will
• Is it a Will in the first place?
• The Court’s approach?
Legal Rights
• The claimant’s right to information
• What property is subject to the claim?
• Proper calculation of Legal Rights’ entitlement
• The Executor who claims Legal Rights
• Collation
• Prescription of Legal Rights
Survivorship Destinations
• Executry treatment including valuation for Inheritance Tax and the effect on Legal Rights.
• Revocation – has the survivorship destination been properly revoked?
• Relationship of Section 142 of the Inheritance Tax Act 1984 and survivorship destinations.
IHT Mitigation by Executors
• The Normal Expenditure out of Income Exemption – Section 21 of the Inheritance Tax Act 1984
• Relief on Loss on Sale of Shares
• Relief on Loss on Sale of Heritable Property
• The incidence of Inheritance Tax
• The question of heritage
• Expenses of implementation of the provisions of the Will
• Abatement of legacies
• Ademption of specific bequests

John Kerrigan is a partner in Morisons' Private Client Team, he is one of the leading specialists in will preparation in Scotland and regularly speaks at seminars and conferences. He is also the author of Drafting for Succession.
Seminar Time 5.45pm - 7.15pm (registration from 5.30pm)
Booking Fee £50 members; £75 non-members; £15 member trainees; £25 non-member trainees
Link to Booking Form

Posted by RFPG on 06 Dec 2011 12:02

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