I12.1101 Key points

Division I12.11     Will planning

For updates affecting this Division please see Part I0 Updates

Will planning: overview

I12.1101 Key points

FA 2006 and nil-rate band carry-forward make a considerable difference to what to recommend to clients when it comes to making a new will. On the other hand, the need to review existing wills is in most cases not pressing (see I12.1121–I12.1123 below).

The main points arising from FA 2006 are as follows. Although beneficiary-taxed treatment1 can still be obtained for an initial interest in possession starting from the testator's death (an 'immediate post-death interest')2, after that interest has come to

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