Monthly Update on Wills Probate Trusts Tax and Elderly Client October 2020

Aim

These monthly webinars provide the busy practitioner with a round-up of new developments in wills, probate, trusts, tax and elderly client matters. This webinar will focus on developments during the month of September 2020.

Learning Outcomes – By taking part in these sessions practitioners should be able to:

• Keep up to date in their professional competence
• Add additional practical tips to their repertoire
• Take the opportunity to discuss developments
• Test their knowledge

Agenda

Wills

• Cryptoassets — Law Commission investigates whether they can be ‘possessed’

Probate

• Online Probate Applications compulsory from 2 November 2020
• Probate Registry Update
• Release of funds by Banks without a Grant
• Accessing digital bank accounts

Trusts

• More on the Trust Register
• The Money Laundering & Terrorist Financing (Amendment) (EU Exit) Regulations 2020 — came into effect 6 October 2020
• New reporting requirements for trusts with connection to France

Tax

• Surge in IHT investigations Form IHT 421 — further comment
• TRS and complex estates
• HMRC compliance campaign regarding disposals of second homes

Elderly Client

• Professional deputies – hourly rates increase
• Modernisation of England & Wales LPAs
• Refund of care home fees — Care UK
• Fraud — medical records — P v Griffith [20201 EWCOP 46
• Variation or discharge of DoLs order — DP v LB of Hillingdon [20201 EWCOP 45