Administration of Estates

  • 5 ratings, 142 users enrolled

Course Overview

Delivered by experienced lecturer John Thurston, this comprehensive course is essential viewing for all private client practitioners who would like to develop their understanding of the process to the Administration of Estates.

This course will consider the following topics in detail:

  • Immediate post death procedure
  • Procedure for obtaining the grant in straight forward cases 
  • The executors’ or administrators’ oath
  • IHT on death
  • Valuation
  • Excepted estates and TNRB - April 2011 IHT newsletter
  • Post grant procedure
  • Sale of assets / Secured debts / Expenses
  • Missing chattel
  • Income Tax
  • The administration period
  • Untaxed income and the taxation of beneficiaries
  • Capital Gains Tax
  • Protection of Personal Representatives
  • Leases
  • Gifts to Children
  • Entitlement under the Intestacy Rules
  • Receipt and discharge
  • Transferring the assets
  • Stamp Duty Land Tax
  • Instalments
  • Taxation of Chargeable Gains Act 1992
  • Substitution of higher value for CGT purposes
  • Family Home and post death planning for CGT
  • Charities and CGT

What are the requirements?

Learning Outcomes

  • On completion of this course you will:

    • Be familiar with the process during the administration of estates
    • Be aware of the types of grants available and be able to identify when a grant is necessary
    • Appreciate the issues surrounding the payment of IHT and how to avoid a penalty
    • Be familiar with IHT forms and the problems that can arise when completing this documentation
    • Understand how to complete administration and the factors to consider e.g. bankruptcy searches, liability and burden
    • Know how to distinguish between income of the deceased and income of the estate

What is the target audience?

  • Private client practitioners

Keywords

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About Instructor - John Thurston

John is particularly interested in the law relating to wills, trusts, taxation, powers of attorney and elderly clients.

John is the author of "A Practitioner's Guide to Powers of Attorney", "A Practitioner's Guide to Trusts", "A Practitioner's Guide to Inheritance Claims" , "A Practitioner's Guide to Executorship and Administration" and "Estate Planning for the Middle Income Client" all published by Bloomsbury Professional.

John is also a contributor to "Tolley's Administration of Trusts" and "Tolley's Administration of Estates" and also contributed a section to "Tax Efficient Will Drafting" published by LexisNexis Butterworths.

Course Curriculum

recorded webinars

  • part 1
    00:57:48
  • Part 2
    01:04:16
  • Part 3
    00:59:07
  • Part 4
    00:58:17

Documentation

  • Notes Part 1
    15 Page
  • Notes Part 2
    31 Page
  • Notes Part 3
    20 Page
  • Notes part 4
    27 Page
  • Slides Part 1
    23 Page
  • Slides Part 2
    28 Page
  • Slides Part 3
    20 Page
  • Slides Part 4
    26 Page
  • Evaluation
    1 Page

reviews

  • I found this course very useful and covered a great deal of in depth information. To someone who has only briefly touched upon administration of estates before, this has given me a really good overview of the process and the steps needed to be taken
    3 months ago
    5 months ago
    2 years ago
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    4 years ago