Wills and Probate - A Tax Refresher

This course focuses on the Inheritance Tax issues surrounding the probate process.

Content will include:

• IHT reporting process
  • Excepted and exempt estates
  • Which forms?
  • Payment and penalties
• Key concepts and framework
• The Death Estate
  • IHT valuation
  • Calculation
  • Variations
• IHT exemptions and reliefs
• Lifetime gifts and the impact of death
• Trusts overview
  • What are they?
  • How they could be used?
  • Types
  • Tax implications