Join our discussion where our team of experts share their experiences of clients having poorly drafted documents and receiving bad advice, resulting in them losing money, not only through trying to remedy the situation through legal fees but also having to pay inheritance tax unnecessarily, which could have been avoided had they sought specialist advice from the outset.

This podcast will give you examples of where people have encountered unfortunate incidents and dispel some of the common myths that people have about wills and probate.

Segments covered in this episode:

- Introducing OGR Stock Denton's Private Client team.

- Specific considerations to bear in mind when taking client instructions and executing a Will

- People who will die without having left a valid Will behind

- Audience question: Can a daughter in law be witness to an LPA?

- Potential pitfalls with intestacy - making clients aware of how Wills can be used to save on inheritance tax 

- Inflexible trusts - example of where another advisor failed to take into account all the relevant factors

- Execution of Wills without witnesses - experience of Wills being challenged

- Audience question: Should one do an affidavit of due execution?

- Audience question: Should you get a doctor's certificate to prevent a challenge due to capacity?

- Putting residential property into a trust to save on inheritance tax and care home fees

- Paying rental income for occupation

- Why do i need a professional advisor to help me with this process - isn't it cheaper to do it online?

- Looking at a Power of Attorney which failed because the application was held jointly

- Difference between personal & business LPA - when might you have two separate documents instead of one

- Seeking professional advice for probate - understanding valuations and tax liabilities

- Sharing arrangements with a view to owning - possible probate deductions if living together

- What can people do if they haven't got time to plan their affairs before they pass away

- Audience question: If i draft my Will with a particular tax planning purpose in mind to find that the rules have changed by time it comes into effect - can i set it aside?

- Instances where the Will was not drafted correctly - example of a client who attempted this himself and misplaced the original

- Example of where clients had prepared their own codicils

- Will there be a central wills register in the UK?

- Audience question: Should spouses have mutual LPA's for both finance and health and appoint adult children as attorneys?

- Audience question: Transferring ownership of a property jointly owed as tenants in common

- Audience question: Giving authority to relative in another country - it this possible?

- Conclusion and summary of points covered