Gifts to children in Wills

Aim:

To explore with practitioners the approach to discussing the options for gifts to children in Wills with clients with a view to asking clients the right questions & helping them choose the right solution

Outcome:

Practitioners will be able to suggest appropriate alternatives to meet the client’s objectives and explain the IHT effect of clauses used

Agenda:

• Options available for gifts to children
• Examination of the conditions for each option
• Typical precedents and their effect post 22 March 2006
• Impact of s.31 Trustee Act 1925
• Should you override s.33 Wills Act 1837?
• Horses for courses – choosing the right clause to match the client’s objective
• Cautionary tales