IHT Mitigation: RNRB, Will Drafting, Exemptions & Reliefs - Live with John Bunker
The introduction of the Residence Nil Rate Band (‘RNRB’) has totally changed the world of estate planning. How wills are drafted, the structuring of assets and the way spouses plan their estates are all affected.
This new two-part live broadcast will enable you to understand the changes, what they mean for your practice and how some of these complex issues (including the trust aspects) work so that you can add real value for your clients.
What You Will Learn
This live and interactive broadcast will cover the following:
Session 1: RNRB, Wills and Variations:
- How to ensure clients, or trusts, own the right property interests to enable claims
- Addressing crucial challenges for will drafting to secure the best from RNRB
- Avoiding the traps for wills and trusts
- How Nil Rate Band Discretionary trusts can play a key role in spouse planning
- Crucial choices of when and how to “use” the NRB and RNRB on a first spouse’s death, especially with reference to the £2million taper threshold
- How to maximise APR & BPR planning by will and using cross option agreements;
- Variations of estates and trusts: when to use ss.142 and 144 IHTA 1984
- The DOTAS rules and how they affect IHT planning by deeds of variation
Session 2: Estate planning and lifetime gifting:
- How to review planning strategies after RNRB and other major recent changes
- How to make the most of new opportunities with pension death benefits and ISAs
- Planning to avoid the loss of RNRB by tapering on larger estates
- Reviewing arrangements between spouses, and the options on the first spouse’s death
- Planning for 2nd property interests with CGT PPR elections and the 3% higher SDLT charge, including inherited and trust properties
- Effective use of exemptions and lifetime planning with property to beat reservation of benefit rules
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.
10:30am - 1:00pm
10:30am - 1:00pm