Overview

This is a practical guide to an area of considerable complexity, but of increasing importance both to professional financial advisers and to their clients - how to write a good and effective will which will ensure the maximum benefits to heirs and beneficiaries and minimum benefit to HMRC. The book includes clear advice on all aspects of will creation, reflecting all the latest changes in the law at the date of publication. Primarily written for practitioners, this book will also help to demystify the process for lay readers. Packed with information and fully referenced to relevant current legislation and case history, the book will provide an invaluable reference for non-specialist financial advisors, lawyers, accountants, tax advisors, will-writers, private banks, trust companies, and family offices worldwide. Areas covered include: * how to go about preparing and writing a will * how to set up trusts to minimise the tax burden on the estate * how to select and appoint executors, guardians and trustees * how the inheritance tax rules will be applied * gifts and chargeable transfers * planning the administration of the estate * traps to avoid which may compromise the effectiveness of the will * descriptions of recent court cases - and a host of other topics and relevant information.

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9781852527303

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Reviews

Anyone contemplating making a will, or advising their clients about testamentary planning, will fi nd this book accurate, useful, and comprehensive, as a practical guide to inheritance tax planning involving the drafting of tax-efficient wills. Nigel Eastaway OBE FCA CTA (Fellow) TEP

Author Information

Carl Islam TEP, is a registered public access Barrister who can be instructed directly by a member of the public without the involvement of a solicitor. Carl specialises in Inheritance Tax planning and related will, trust, and professional negligence disputes (including mediation advocacy). He is licensed to exercise rights of audience in all Courts and proceedings in England and Wales, is a member of the South Eastern Circuit, the Chancery Bar Association, the Revenue Bar Association, the Professional Negligence Bar Association, and a full member of the Society of Trust and Estate Practitioners, belonging to the STEP Contentious Trusts and Estates Special Interest Group. Trust structures he has innovated (discussed in this book) include the international 'First Start Trust' for UK resident non-doms who are deemed domiciled for IHT. Carl is also a contributor to Taxation Magazine (Lexis Nexis), the presenter for Wealth Planning TV (www.wealthplanning.tv), and the writer and presenter of the professional training course 'Planning Tax-Efficient Wills'. Further information about Carl's law practice can be viewed at www.ihtbar.com. To contact him please send an e-mail to carl@ihtbar.com.

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