What all Paraplanners should know about estate planning

In this Howwow special, we've asked John Bunker, consultant with Irwin Mitchell, freelance legal and tax trainer and in the process of writing  the The Law Society's Inheritance Tax Planning Handbook, to take us through some estate planning basics, focussing on the processes and procedures to be aware of.   Part of the Howwow will focus on special measures taken during COVID-19.

1.     Changes to the probate application process

Major changes to the way applications are made for a grant of probate and  the aims of HM Courts & Tribunals Service (HMCTS);

How much information is needed and recent changes

Where applications are processed and the new Probate Registry.

2. Estates and trusts: variations within 2 years of death

Basics on using sections 142 (estates) and 144 (trusts), Inheritance Tax Act (IHTA) 1984.

Potential use of variations for securing spouse exemptions and BPR/APR

3.  IHT process changes for the Covid-19 crisis

IHT accounts: new procedures to adapt to the situation

Payments (and repayments) of IHT electronically

This is a live Q&A, so if you have a question that you want to ask our panel on, pop it in the question section after you've registered.

John Bunker- a freelance lecturer and Consultant Solicitor/Chartered Tax Adviser, Tax Trusts and Estates, at Irwin Mitchell. Chair of CIOT’s Private Client (UK) Taxes Committee, with over 25 years of experience specialising in wills, trusts, estate and tax planning, 23 years as a partner. He is temporarily representing STEP on HMCTS Probate Users Group.
John has developed external training work, in a freelance capacity, where he seeks to illuminate technical details with practical insight, to training for MBL, CLT, individual firms, local law societies, branches of STEP, CIOT, SFE and other professional groups.

Richard Allum - Founder of The Paraplanners (and manages to run a few paraplanner events, Powwows and Howwows, or something like that).

Our panel will join us on Thursday 11th June, at 1.00pm for this hour-long online chat.

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Howwow Online: Estate planning processes and procedures