Varying the Disposition of Estates

Post-death variations are bread and butter for private client practitioners but this session looks at the different statutory provisions that allow reading back and what they can and can’t achieve.

• What is reading back and when is it useful?

- Altruism

- Rejigging dispositions to be more tax efficient

• The statutory provisions

- How they work and the differences between them

- Formalities

• Tips and Traps

- What can’t be done

- Varying to get the reduced rate of IHT

- Varying to get the co-ownership discount

- Varying the destination of assets that have already been sold

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Resources:

• Remember A Charity Strategic Priorities 2019 2021 | Download
• Remember A Charity Campaign Supporter Scheme | Download
• Remember A Charity 2020 Impact Report | Download

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Learning objectives:

• identify occasions where reading back provisions will be useful,
• select and implement the appropriate statutory provision for reading back, and
• avoid pitfalls.