Varying the Disposition of an Estate after Death

2nd edition

Varying the Disposition of an Estate after Death provides invaluable help to those advising clients about the opportunities, implications and pitfalls of varying the disposition of estates using variations and disclaimers.

Altered personal circumstances or legislative changes often mean that the way in which property has been left on death is unsatisfactory and can be improved. The book explains the alternative provisions available (Inheritance Tax Act 1984, ss.142, 143 and 144), requirements and formalities, what can be achieved by the relevant sections of the Act, and what could cause potential problems.

The second edition has been fully updated to cover:

• the Trust Register and the treatment of trusts created by variation
• excepted estates and variations
• latest case law
• changes to HMRC’s Capital Gains Manual
• the importance of clarifying instructions for variations: Morell v. Morell
• a full suite of precedents for deeds of variation and related issues.

Inheritance tax, capital gains tax, income tax, stamp duty, trusts and their implications are fully considered.

About the Author

Professor Lesley King is a well-known and respected commentator and lecturer on private client matters. She is an authoritative and clear communicator with a number of publications to her credit. She is the general editor of Probate Practitioner’s Handbook (Law Society).

Contents

Part 1: Introduction.
Part 2: Variations and disclaimers.
Part 3: Compliance with testator's request and orders under Inheritance (Provision for Family and Dependants) Act 1975.
Part 4: Property leaving a relevant property trust within two years of death.
Appendices.

Book Information

ISBN 9781784462291
Author Lesley King
Format Paperback
Pages 192
Publisher The Law Society