Private client issues for older clients

Older clients present varying issues but this session will look at some recurring themes including:

Assessing testamentary capacity
• Is the golden rule still with us?
• What is the test of capacity?
• What is an insane delusion?
• How to minimise the risks of challenge
- Attendance notes
- Confirming instructions
- Medical reports

Knowledge and approval and undue influence
• Avoiding misunderstandings
• Sensible precautions
• Fraudulent calumny
• Predatory marriages

IHT planning
• Property eligible for BPR (not just conventional businesses)
• Elderly farmers
• RNRB and downsizing
• Using pensions

Lifetime gifts
• When they should and should not be considered
• Use of lifetime exemptions
• Reservation of benefit and important exceptions
• IHT implications of lifetime gifts within 7 years of death

Using trusts
• Use of flexible life interest trusts
• Use of NRB trusts
• Providing for those on means tested benefits
• Beneficiaries with a disability
• Who should be the trustees?

Statutory wills and gifts on behalf of those lacking capacity
• When can applications be made?
• How are applications made?
• Pitfalls

To view the flyer click here

The event is sponsored by Home Instead Tavistock and Tamar Valley