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WILLS AND INCENTIVES Presentation Transcript

  • 1. Wills and Incentive TrustsFriday, 16 September 2011
  • 2. Wills and Incentive Trusts A guide to leaving your assets by Nish PatelFriday, 16 September 2011
  • 3. Wills and Incentive TrustsFriday, 16 September 2011
  • 4. What is a Will ?Friday, 16 September 2011
  • 5. What is a Will ? A will is a legal document which sets out how you wish your assets to be distributed on your death and who should manage your assetsFriday, 16 September 2011
  • 6. What is a Will ?Friday, 16 September 2011
  • 7. Why m ake a Will ?Friday, 16 September 2011
  • 8. Why m ake a Will ? I f y o u d o n o t m a k e a Wi l l t h e n t h e following problems ariseFriday, 16 September 2011
  • 9. Why m ake a Will ?Friday, 16 September 2011
  • 10. If you do not make a Will....Friday, 16 September 2011
  • 11. If you do not make a Will.... ! Yo u a r e r e g a r d e d a s I n t e s t a t e o n y o u r death and your assets will not pass on as you wishFriday, 16 September 2011
  • 12. If you do not make a Will.... ! Yo u a r e r e g a r d e d a s I n t e s t a t e o n y o u r death and your assets will not pass on as you wish ! Yo u r a s s e t s w i l l t h e n b e d i s t r i b u t e d i n accordance with the Rules of IntestacyFriday, 16 September 2011
  • 13. If you do not make a Will.... ! Yo u a r e r e g a r d e d a s I n t e s t a t e o n y o u r death and your assets will not pass on as you wish ! Yo u r a s s e t s w i l l t h e n b e d i s t r i b u t e d i n accordance with the Rules of Intestacy !T h e R u l e s o f I n t e s t a c y a r e e x p l a i n e d l a t e rFriday, 16 September 2011
  • 14. If you do not make a Will....Friday, 16 September 2011
  • 15. If you do not make a Will.... ! If you are unmarried your partner will not get a shareFriday, 16 September 2011
  • 16. If you do not make a Will.... ! If you are unmarried your partner will not get a share ! Yo u w i l l n o t b e a b l e t o a p p o i n t s o m e o n e of your choice to look after your assets or your children,Friday, 16 September 2011
  • 17. If you do not make a Will.... ! If you are unmarried your partner will not get a share ! Yo u w i l l n o t b e a b l e t o a p p o i n t s o m e o n e of your choice to look after your assets or your children, ! Yo u m a y n o t b e a b l e t o p l a n f o r Ta x Savings if appropriateFriday, 16 September 2011
  • 18. Friday, 16 September 2011
  • 19. W h at c a n yo u l ea v e ?Friday, 16 September 2011
  • 20. W h at c a n yo u l ea v e ? Rea l ly e ve r y t h i ng y ou ow nFriday, 16 September 2011
  • 21. W h at c a n yo u l ea v e ? Rea l ly e ve r y t h i ng y ou ow n This is known as your Estate a n d i n c l u d es. .. . .Friday, 16 September 2011
  • 22. Friday, 16 September 2011
  • 23. Yo u r E s t a t e i n c l u d e s . . .Friday, 16 September 2011
  • 24. Yo u r E s t a t e i n c l u d e s . . . • Mone y in a n y a ccou n t s a n d ca shFriday, 16 September 2011
  • 25. Yo u r E s t a t e i n c l u d e s . . . • Mone y in a n y a ccou n t s a n d ca sh • Land and BuildingsFriday, 16 September 2011
  • 26. Yo u r E s t a t e i n c l u d e s . . . • Mone y in a n y a ccou n t s a n d ca sh • Land and Buildings • Stocks and SharesFriday, 16 September 2011
  • 27. Yo u r E s t a t e i n c l u d e s . . . • Mone y in a n y a ccou n t s a n d ca sh • Land and Buildings • Stocks and Shares • Pro c e ed s of I n sur a n ce P o l i ci e sFriday, 16 September 2011
  • 28. Yo u r E s t a t e i n c l u d e s . . . • Mone y in a n y a ccou n t s a n d ca sh • Land and Buildings • Stocks and Shares • Pro c e ed s of I n sur a n ce P o l i ci e s • Cont e nt s of S a f e D ep o s i t b o x e sFriday, 16 September 2011
  • 29. Friday, 16 September 2011
  • 30. Yo u r E s t a t e i n c l u d e s . . .Friday, 16 September 2011
  • 31. Yo u r E s t a t e i n c l u d e s . . . • Gold and JewelleryFriday, 16 September 2011
  • 32. Yo u r E s t a t e i n c l u d e s . . . • Gold and Jewellery • Va l u a b l e i t e ms su ch a s p a i n t i n g sFriday, 16 September 2011
  • 33. Yo u r E s t a t e i n c l u d e s . . . • Gold and Jewellery • Va l u a b l e i t e ms su ch a s p a i n t i n g s • P e rs on a l a n d h o u se h o l d g o o d sFriday, 16 September 2011
  • 34. Yo u r E s t a t e i n c l u d e s . . . • Gold and Jewellery • Va l u a b l e i t e ms su ch a s p a i n t i n g s • P e rs on a l a n d h o u se h o l d g o o d s • C a rsFriday, 16 September 2011
  • 35. Friday, 16 September 2011
  • 36. Who sho u ld yo u l ea v e y o u r a s s e t s t o ?Friday, 16 September 2011
  • 37. Who sho u ld yo u l ea v e y o u r a s s e t s t o ? • The p e rson s w h o b e n e fi t f rom y ou r est a t e a re c a l l e d B en efi ci a r i e sFriday, 16 September 2011
  • 38. Who sho u ld yo u l ea v e y o u r a s s e t s t o ? • The p e rson s w h o b e n e fi t f rom y ou r est a t e a re c a l l e d B en efi ci a r i e s • Yo u c a n l e a v e t o w h o m e v e r y o u w a n tFriday, 16 September 2011
  • 39. Who sho u ld yo u l ea v e y o u r a s s e t s t o ? • The p e rson s w h o b e n e fi t f rom y ou r est a t e a re c a l l e d B en efi ci a r i e s • Yo u c a n l e a v e t o w h o m e v e r y o u w a n t • How ever p e op l e common l y l e a ve their assets to...Friday, 16 September 2011
  • 40. Friday, 16 September 2011
  • 41. Peopl e c ommon l y l e av e a s s e t s t o . .Friday, 16 September 2011
  • 42. Peopl e c ommon l y l e av e a s s e t s t o . . • Their Husband , Wife or PartnerFriday, 16 September 2011
  • 43. Peopl e c ommon l y l e av e a s s e t s t o . . • Their Husband , Wife or Partner • Their Children , older or youngerFriday, 16 September 2011
  • 44. Peopl e c ommon l y l e av e a s s e t s t o . . • Their Husband , Wife or Partner • Their Children , older or younger • Family MembersFriday, 16 September 2011
  • 45. Peopl e c ommon l y l e av e a s s e t s t o . . • Their Husband , Wife or Partner • Their Children , older or younger • Family Members • FriendsFriday, 16 September 2011
  • 46. Peopl e c ommon l y l e av e a s s e t s t o . . • Their Husband , Wife or Partner • Their Children , older or younger • Family Members • Friends • P eople als o so me t i m es l ea v e a s s e t s t o . . .Friday, 16 September 2011
  • 47. Friday, 16 September 2011
  • 48. P eo ple so me t i me s b e n e fi tFriday, 16 September 2011
  • 49. P eo ple so me t i me s b e n e fi t • C h a ri t i esFriday, 16 September 2011
  • 50. P eo ple so me t i me s b e n e fi t • C h a ri t i es • R eli gi ou s I n s t i t u t i o n sFriday, 16 September 2011
  • 51. P eo ple so me t i me s b e n e fi t • C h a ri t i es • R eli gi ou s I n s t i t u t i o n s • For good causesFriday, 16 September 2011
  • 52. Friday, 16 September 2011
  • 53. Who w ill ta ke c a re o f e v e r y t h i n g ?Friday, 16 September 2011
  • 54. Who w ill ta ke c a re o f e v e r y t h i n g ? • In order that your affairs are looked a ft er you ma y ap p o i n t . . .Friday, 16 September 2011
  • 55. Who w ill ta ke c a re o f e v e r y t h i n g ? • In order that your affairs are looked a ft er you ma y ap p o i n t . . . • G u a rd i a n sFriday, 16 September 2011
  • 56. Who w ill ta ke c a re o f e v e r y t h i n g ? • In order that your affairs are looked a ft er you ma y ap p o i n t . . . • G u a rd i a n s • ExecutorsFriday, 16 September 2011
  • 57. Who w ill ta ke c a re o f e v e r y t h i n g ? • In order that your affairs are looked a ft er you ma y ap p o i n t . . . • G u a rd i a n s • Executors • TrusteesFriday, 16 September 2011
  • 58. Friday, 16 September 2011
  • 59. W h at a re E x e cu t o r s ?Friday, 16 September 2011
  • 60. W h at a re E x e cu t o r s ? Ex ecu t ors a re p e r sons wh o y ou ca n ap p oint t o look a f t e r t h e admi n i st r a t i on of your estateFriday, 16 September 2011
  • 61. W h at a re E x e cu t o r s ? Ex ecu t ors a re p e r sons wh o y ou ca n ap p oint t o look a f t e r t h e admi n i st r a t i on of your estate They will collect together the assets and de al w ith t h e p a y me n t o f d e b t s a n d see t ha t t h e r i g h t p e op l e re ce i ve t h e i r sharesFriday, 16 September 2011
  • 62. Friday, 16 September 2011
  • 63. Wh a t a re Tru s t ee s ?Friday, 16 September 2011
  • 64. Wh a t a re Tru s t ee s ? Trustees are persons who will look af t er y ou r e st a t e i n si t u a t i on s w h e re y ou h ave se t ou r con di t i on s w h i ch a re req ui red t o b e f u l fi l l e d b e f ore di st ri b u t i on or w h ere y ou r Beneficiaries are still youngFriday, 16 September 2011
  • 65. Wh a t a re Tru s t ee s ? Trustees are persons who will look af t er y ou r e st a t e i n si t u a t i on s w h e re y ou h ave se t ou r con di t i on s w h i ch a re req ui red t o b e f u l fi l l e d b e f ore di st ri b u t i on or w h ere y ou r Beneficiaries are still young In g ene ra l Ex e cu t or s a n d Tru st e e s ca n be the same peopleFriday, 16 September 2011
  • 66. Friday, 16 September 2011
  • 67. Wh om sh o u l d I a pp o i n t ?Friday, 16 September 2011
  • 68. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . .Friday, 16 September 2011
  • 69. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . . Their Husband , Wife or PartnerFriday, 16 September 2011
  • 70. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . . Their Husband , Wife or Partner Their Children if they are old enoughFriday, 16 September 2011
  • 71. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . . Their Husband , Wife or Partner Their Children if they are old enough Other RelativesFriday, 16 September 2011
  • 72. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . . Their Husband , Wife or Partner Their Children if they are old enough Other Relatives C l o se F ri e n d sFriday, 16 September 2011
  • 73. Friday, 16 September 2011
  • 74. Wh om sh o u l d I a pp o i n t ?Friday, 16 September 2011
  • 75. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . .Friday, 16 September 2011
  • 76. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . . SolicitorsFriday, 16 September 2011
  • 77. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . . Solicitors BanksFriday, 16 September 2011
  • 78. Wh om sh o u l d I a pp o i n t ? Peo pl e c o mmon l y a p p o i n t . . . . Solicitors Banks O t h e r p ro f e s s i o n a l s s u c h a s AccountantsFriday, 16 September 2011
  • 79. Friday, 16 September 2011
  • 80. Wha t i s a Gu ard i a n ?Friday, 16 September 2011
  • 81. Wha t i s a Gu ard i a n ? A G uardia n i s a p e r son wh o y ou ca n a p p oi n t t o l ook a f t er y ou r mi n or childrenFriday, 16 September 2011
  • 82. Wha t i s a Gu ard i a n ? A G uardia n i s a p e r son wh o y ou ca n a p p oi n t t o l ook a f t er y ou r mi n or children The choi ce of a G u a rdi a n ca n b e ma de fro m c lo se f a mi l y a n d fr i e n d sFriday, 16 September 2011
  • 83. Friday, 16 September 2011
  • 84. P ow ers o f A t t o rn e yFriday, 16 September 2011
  • 85. P ow ers o f A t t o rn e y Should consider at time of Will Lasting Powers of AttorneyFriday, 16 September 2011
  • 86. Friday, 16 September 2011
  • 87. WillsFriday, 16 September 2011
  • 88. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ;Friday, 16 September 2011
  • 89. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ; 1. Ma de b y a p e r son w h o i s a g e d 1 8 or over; andFriday, 16 September 2011
  • 90. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ; 1. Ma de b y a p e r son w h o i s a g e d 1 8 or over; and 2. I n w r i t i n g ; a n dFriday, 16 September 2011
  • 91. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ; 1. Ma de b y a p e r son w h o i s a g e d 1 8 or over; and 2. I n w r i t i n g ; a n d 3 . Sig ne d b y t h e p e r son ma k i n g t h e Will in the presence of two witnessesFriday, 16 September 2011
  • 92. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ; 1. Ma de b y a p e r son w h o i s a g e d 1 8 or over; and 2. I n w r i t i n g ; a n d 3 . Sig ne d b y t h e p e r son ma k i n g t h e Will in the presence of two witnesses 4. Sig ne d b y t h e t w o w i t n e sse s i n t h e p re s e n c e o f t h e p a r s o n m a k i n g t h e Wi l lFriday, 16 September 2011
  • 93. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ; 1. Ma de b y a p e r son w h o i s a g e d 1 8 or over; and 2. I n w r i t i n g ; a n d 3 . Sig ne d b y t h e p e r son ma k i n g t h e Will in the presence of two witnesses 4. Sig ne d b y t h e t w o w i t n e sse s i n t h e p re s e n c e o f t h e p a r s o n m a k i n g t h e Wi l l continued....Friday, 16 September 2011
  • 94. Friday, 16 September 2011
  • 95. WillsFriday, 16 September 2011
  • 96. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ;Friday, 16 September 2011
  • 97. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ; 5. Ma de vol u n t a r i l y a n d wi t h ou t u n du e in fl u en c e f rom a ny o n e ; a n dFriday, 16 September 2011
  • 98. Wills F o r a Wi l l t o b e v a l i d i t m u s t b e ; 5. Ma de vol u n t a r i l y a n d wi t h ou t u n du e in fl u en c e f rom a ny o n e ; a n d 6. Made b y a p e r s o n w h o i s o f s o u n d mi nd and w h o i s a w a re of t h e n a t u re of w h a t h e i s s i g ni n gFriday, 16 September 2011
  • 99. Friday, 16 September 2011
  • 100. WillsFriday, 16 September 2011
  • 101. Wills It wi ll b e see n t h a t t h e for ma l i t i e s of a Will are quite simpleFriday, 16 September 2011
  • 102. Wills It wi ll b e see n t h a t t h e for ma l i t i e s of a Will are quite simple However ca re a n d a t t e n t i on n e e ds t o b e taken with the drafting of teh clauses so t hat t h ere i s n o a mb i g u i t y ot h e r w i se p ro b l e m s a n d d i s p u t e s m a y a r i s eFriday, 16 September 2011
  • 103. Wills It wi ll b e see n t h a t t h e for ma l i t i e s of a Will are quite simple However ca re a n d a t t e n t i on n e e ds t o b e taken with the drafting of teh clauses so t hat t h ere i s n o a mb i g u i t y ot h e r w i se p ro b l e m s a n d d i s p u t e s m a y a r i s e In t he circu mst a n ce s p rof e ssi on a l a d v i c e i s i m po rt a n tFriday, 16 September 2011
  • 104. Friday, 16 September 2011
  • 105. Does a Will need to be registeredFriday, 16 September 2011
  • 106. Does a Will need to be registered In England and Wales a Will does not ne ed t o be re g i st e re dFriday, 16 September 2011
  • 107. Does a Will need to be registered In England and Wales a Will does not ne ed t o be re g i st e re d H ow e ve r i t c a n b e v o l u n t a r i l y reg i s t e re d w i t h t h e N a t i o n a l Wi l l R e g i s t e rFriday, 16 September 2011
  • 108. Friday, 16 September 2011
  • 109. FuneralFriday, 16 September 2011
  • 110. Funeral You can se t ou t i n y ou r Wi l l h ow y ou would l ik e you r Fune ra l co n d u ct e d .Friday, 16 September 2011
  • 111. Funeral You can se t ou t i n y ou r Wi l l h ow y ou would l ik e you r Fune ra l co n d u ct e d . These w i she s a re n ot l e g a l l y b i n di n g , howeve r i n m o s t c a s e s y o u r w i s h e s would b e ob se r ve d b y y ou r Ex e cu t or s , i f po ssi b l eFriday, 16 September 2011
  • 112. Friday, 16 September 2011
  • 113. DeathFriday, 16 September 2011
  • 114. Death Bu r i a lFriday, 16 September 2011
  • 115. Death Bu r i a l or Cremation ...Friday, 16 September 2011
  • 116. Friday, 16 September 2011
  • 117. DeathFriday, 16 September 2011
  • 118. Death C rema t i o nFriday, 16 September 2011
  • 119. DeathFriday, 16 September 2011
  • 120. Friday, 16 September 2011
  • 121. Friday, 16 September 2011
  • 122. Friday, 16 September 2011
  • 123. Proba t eFriday, 16 September 2011
  • 124. Proba t e Af t er y ou r de a t h y ou r Ex ecu t or s w i l l mak e an ap p l i ca t i on t o t h e C ou r t t o b e g rant e d t he r i g h t t o ma n a g e y ou r e st a t eFriday, 16 September 2011
  • 125. Proba t e Af t er y ou r de a t h y ou r Ex ecu t or s w i l l mak e an ap p l i ca t i on t o t h e C ou r t t o b e g rant e d t he r i g h t t o ma n a g e y ou r e st a t e Declarations will have to be made to t he Tax au t h or i t i e s a b ou t y ou r e st a t e a n d arra ng e me n t s se t i n p l a ce t o de a l w it h a n y Ta x l i a bi l i t yFriday, 16 September 2011
  • 126. Friday, 16 September 2011
  • 127. Proba t eFriday, 16 September 2011
  • 128. Proba t e A G r ant of P rob a t e i s i ssu e d b y t h e Court, to aut h o r i s e y o u r E x e c u t o r s t o deal wit h y ou r a sse t s a n d ma k e distributionsFriday, 16 September 2011
  • 129. Friday, 16 September 2011
  • 130. IntestacyFriday, 16 September 2011
  • 131. Intestacy If y ou die wi t h ou t a Wi l l t h e R u l e s of Intestacy will applyFriday, 16 September 2011
  • 132. Intestacy If y ou die wi t h ou t a Wi l l t h e R u l e s of Intestacy will apply These Rules provide as follows....Friday, 16 September 2011
  • 133. Friday, 16 September 2011
  • 134. IntestacyFriday, 16 September 2011
  • 135. Intestacy These Rules provide as follows....Friday, 16 September 2011
  • 136. Intestacy These Rules provide as follows.... ( a ) T he ho useh o l d c o n t en ts a n d ca r s P l u sFriday, 16 September 2011
  • 137. Intestacy These Rules provide as follows.... ( a ) T he ho useh o l d c o n t en ts a n d ca r s P l u s (b)T he firs t £ 4 5 0 , 0 0 0 o f y o u r e s t a t e P l u sFriday, 16 September 2011
  • 138. Intestacy These Rules provide as follows.... Yo u r S p o u s e g e t s ( a ) T he ho useh o l d c o n t en ts a n d ca r s P l u s (b)T he firs t £ 4 5 0 , 0 0 0 o f y o u r e s t a t e P l u sFriday, 16 September 2011
  • 139. Intestacy These Rules provide as follows.... Yo u r S p o u s e g e t s ( a ) T he ho useh o l d c o n t en ts a n d ca r s P l u s (b)T he firs t £ 4 5 0 , 0 0 0 o f y o u r e s t a t e P l u s (c) Half of a n y e x ce ss ove r £ 4 5 0 , 0 0 0Friday, 16 September 2011
  • 140. Intestacy These Rules provide as follows.... Yo u r S p o u s e g e t s ( a ) T he ho useh o l d c o n t en ts a n d ca r s P l u s (b)T he firs t £ 4 5 0 , 0 0 0 o f y o u r e s t a t e P l u s (c) Half of a n y e x ce ss ove r £ 4 5 0 , 0 0 0 a nd y o u r o t h er rel a t i v e s g e t . . . . .Friday, 16 September 2011
  • 141. Friday, 16 September 2011
  • 142. IntestacyFriday, 16 September 2011
  • 143. Intestacy Your p aren t s or ( i n non e a l i ve ) y ou r b ro t h e r s o r s i s t e r s g e tFriday, 16 September 2011
  • 144. Intestacy Your p aren t s or ( i n non e a l i ve ) y ou r b ro t h e r s o r s i s t e r s g e t Th e b alance of t h e h a l f of a n y e x ce ss ove r £450,000Friday, 16 September 2011
  • 145. Intestacy Your p aren t s or ( i n non e a l i ve ) y ou r b ro t h e r s o r s i s t e r s g e t Th e b alance of t h e h a l f of a n y e x ce ss ove r £450,000 If y ou are ma r r i e d b u t ha ve n o ch i l dre n or p aren t s or b rot h e r s or si st e r s y ou r Sp ou se gets everythingFriday, 16 September 2011
  • 146. Friday, 16 September 2011
  • 147. IntestacyFriday, 16 September 2011
  • 148. Intestacy If y ou are Si n g l e , Wi dow e d or DivorcedFriday, 16 September 2011
  • 149. Intestacy If y ou are Si n g l e , Wi dow e d or Divorced Every t hi ng g oe s t o y ou r ch i l dre n ( i f a n y ) ot herwi se t o y ou r p a re n t s ( i f a l i ve ) ot h erwise t o y ou r b rot he r s or si st e r s ( i f a li ve ) ot he r w i se y ou r g r a n dp a re n t s ( i f a live ) ot h erw i se t o y ou r a u n t or u n cl e s ( or t heir chi l dre n ) a n d if n on e of t h e se a re a live t he n i t a l l goe s t o t h e Tre a s u r yFriday, 16 September 2011
  • 150. Intestacy If y ou are Si n g l e , Wi dow e d or Divorced Every t hi ng g oe s t o y ou r ch i l dre n ( i f a n y ) ot herwi se t o y ou r p a re n t s ( i f a l i ve ) ot h erwise t o y ou r b rot he r s or si st e r s ( i f a li ve ) ot he r w i se y ou r g r a n dp a re n t s ( i f a live ) ot h erw i se t o y ou r a u n t or u n cl e s ( or t heir chi l dre n ) a n d if n on e of t h e se a re a live t he n i t a l l goe s t o t h e Tre a s u r y These are the Rules as at January 2011Friday, 16 September 2011
  • 151. Friday, 16 September 2011
  • 152. C on c l us i o nFriday, 16 September 2011
  • 153. C on c l us i o n It will be seen that it is important to consi de r ma k i n g a Wi l lFriday, 16 September 2011
  • 154. C on c l us i o n It will be seen that it is important to consi de r ma k i n g a Wi l l As Lawy e rs w i t h w i de e x p e r i e n ce of such matters we can advise and assist you to make suitable arrangementsFriday, 16 September 2011
  • 155. Friday, 16 September 2011
  • 156. Wha t el se c a n w e o ffe r ?Friday, 16 September 2011
  • 157. Wha t el se c a n w e o ffe r ? P erhap s a new a ppro ach to the way Wills are created.Friday, 16 September 2011
  • 158. Wha t el se c a n w e o ffe r ? P erhap s a new A Sp eci al a ppro ach to Wa y t o the way l ea ve y ou r Wills are money created.Friday, 16 September 2011
  • 159. Wha t el se c a n w e o ffe r ? P erhap s a new A Sp eci al a ppro ach to Wa y t o the way l ea ve y ou r Wills are money created. We l c o m e t o . . . . .Friday, 16 September 2011
  • 160. Friday, 16 September 2011
  • 161. Incentive TrustsFriday, 16 September 2011
  • 162. Incentive Trusts A good way to leave your money is to p ro v i d e I n c e n t i v e s f o r B e n e f i c i a r i e sFriday, 16 September 2011
  • 163. Friday, 16 September 2011
  • 164. IntroductionFriday, 16 September 2011
  • 165. Introduction If leave i t w i se l y t he w e a l t h w i l l b e spent wiselyFriday, 16 September 2011
  • 166. Introduction If leave i t w i se l y t he w e a l t h w i l l b e spent wisely A way to share the Wisdom of your Wealth a n d t he We a l t h o f y o u r Wi s d o mFriday, 16 September 2011
  • 167. Friday, 16 September 2011
  • 168. Mak in g a w e l l con si de re d Wi l l ca n p ro v i d e a c h a n c e t o s e t I n c e n t i v e s t o G u i d e a n d I n s p i re y o u r B e n e f i c i a r i e sFriday, 16 September 2011
  • 169. Friday, 16 September 2011
  • 170. IncentivesFriday, 16 September 2011
  • 171. Incentives W hen we alt h y p e o p l e l ea v e m o n e y t h e y a re con cer ne d a b ou t t e h e ff e ct t h a t t h e weal t h w i ll h a v e o n t h e i r ch i l d re nFriday, 16 September 2011
  • 172. Incentives W hen we alt h y p e o p l e l ea v e m o n e y t h e y a re con cer ne d a b ou t t e h e ff e ct t h a t t h e weal t h w i ll h a v e o n t h e i r ch i l d re n In order to ensure that good use is made of the Inheritance arrangements are made t o e n su re t h a t t h e Benefi cia r i e s p rove w ort h y of t h e InheritanceFriday, 16 September 2011
  • 173. Friday, 16 September 2011
  • 174. IncentivesFriday, 16 September 2011
  • 175. Incentives They do t h i s b y se t t i n g u p In ce n t i ve TrustsFriday, 16 September 2011
  • 176. Incentives They do t h i s b y se t t i n g u p In ce n t i ve Trusts Lets see what Incentives can achieve...Friday, 16 September 2011
  • 177. Friday, 16 September 2011
  • 178. IntroductionFriday, 16 September 2011
  • 179. Introduction A financial expression of your family valuesFriday, 16 September 2011
  • 180. Introduction A financial expression of your family values A way to share the Wisdom of your Wealth and the We a l t h o f y o u r Wi s d o mFriday, 16 September 2011
  • 181. Friday, 16 September 2011
  • 182. W h y I n c en t i ves ?Friday, 16 September 2011
  • 183. W h y I n c en t i ves ? To Encourage Inspire Stimulate MotivateFriday, 16 September 2011
  • 184. Friday, 16 September 2011
  • 185. W h a t i s a Tru s tFriday, 16 September 2011
  • 186. W h a t i s a Tru s t G enerall y t ru st s i n re cen t t i me s h a ve b een comp l i ca t e d b y t h e i r u se i n a v o i d i n g Ta xFriday, 16 September 2011
  • 187. Friday, 16 September 2011
  • 188. W h a t i s a Tru s tFriday, 16 September 2011
  • 189. W h a t i s a Tru s t A t rust i s a si mp l e ve h i cl e w h e re b y y ou ent rust ot h e r s t o ow n ma n a g e y ou r assets eit h er d u ri n g l i fe o r a ft e r d e a t hFriday, 16 September 2011
  • 190. W h a t i s a Tru s t A t rust i s a si mp l e ve h i cl e w h e re b y y ou ent rust ot h e r s t o ow n ma n a g e y ou r assets eit h er d u ri n g l i fe o r a ft e r d e a t h If you choose Trustees wisely and creat e t he Tru st w i t h care , i t ca n l e a ve an end u r in g a n d v a l u a b l e l e g a cyFriday, 16 September 2011
  • 191. Friday, 16 September 2011
  • 192. Letter of WishesFriday, 16 September 2011
  • 193. Letter of Wishes Letters of Wishes are an informal way t o p ro v i d eFriday, 16 September 2011
  • 194. Friday, 16 September 2011
  • 195. Co nd i t i o n a l B eq u e s t sFriday, 16 September 2011
  • 196. Co nd i t i o n a l B eq u e s t s Instead of Incentive Trusts can simply l eav e a c on d i t i o n a l g i ftFriday, 16 September 2011
  • 197. Friday, 16 September 2011
  • 198. EnforceabilityFriday, 16 September 2011
  • 199. Enforceability Incent ive s h a ve t h e i r ow n e n f orce me n t , N o re w a rd i f t a s k n o t d o n eFriday, 16 September 2011
  • 200. Friday, 16 September 2011
  • 201. ImplementationFriday, 16 September 2011
  • 202. Implementation Choose s u it a bl e pe op l e t o i m p l e m e n tFriday, 16 September 2011
  • 203. Friday, 16 September 2011
  • 204. IncentivesFriday, 16 September 2011
  • 205. Incentives If mak e a w i l l i n t h i s ma n n e r y ou a re t a k i n g p a r t i n a p ro c e s s , a p ro c e s s t h a t Is creative and interesting as much as it i s so und and o f p r a c t i c a l a n d p ro f o u n d value. It is foundational in many ways. A process to make a family think and re al ise w hat i s i m p o r t a nt . T h e y d o t h i s b y s e t t i n g u p I n c e n t i v e Tru s t sFriday, 16 September 2011
  • 206. Friday, 16 September 2011
  • 207. The ProcessFriday, 16 September 2011
  • 208. The Process There is sy n e rg y a n d crea t i vi t y i n t h e p roce ss of cre a t i ng a Wi l l w i t h IncentivesFriday, 16 September 2011
  • 209. Friday, 16 September 2011
  • 210. Business SuccessionFriday, 16 September 2011
  • 211. Business Succession At time of making the Will can discuss the strategy for any businessesFriday, 16 September 2011
  • 212. Business Succession At time of making the Will can discuss the strategy for any businesses Such consi de r a t i on ma y p rove u se f u l i n p l a n n i n g s t r a t e g y, d u r i n g l i f e a n d d e a t hFriday, 16 September 2011
  • 213. Friday, 16 September 2011
  • 214. Ta xa t i o nFriday, 16 September 2011
  • 215. Ta xa t i o n We c a n c o n s i d e r w i t h y o u t h e Ta x i mpli c at i on s o f y o u r d e ci s i o n sFriday, 16 September 2011
  • 216. Friday, 16 September 2011
  • 217. IHT FormsFriday, 16 September 2011
  • 218. IHT Forms Fill out IHT forms at time of making Will so get a chance to assess the likely Ta x a n d t h en rev i e w l a t e rFriday, 16 September 2011
  • 219. Friday, 16 September 2011
  • 220. The IncentivesFriday, 16 September 2011
  • 221. The Incentives Here fol l ow s a l i st o f I n ce n t i v e sFriday, 16 September 2011
  • 222. Friday, 16 September 2011
  • 223. Po ssi bl e I n cen t iv e sFriday, 16 September 2011
  • 224. Po ssi bl e I n cen t iv e s •To obta in a d e g re e f ro m a c h o i c e o f s e t subjectsFriday, 16 September 2011
  • 225. Po ssi bl e I n cen t iv e s •To obta in a d e g re e f ro m a c h o i c e o f s e t subjects • To wor k f o r a C h a ri t y fo r a s e t p e r i o dFriday, 16 September 2011
  • 226. Po ssi bl e I n cen t iv e s •To obta in a d e g re e f ro m a c h o i c e o f s e t subjects • To wor k f o r a C h a ri t y fo r a s e t p e r i o d • To le arn a l a n g u a g e, w r i t t e n a n d spokenFriday, 16 September 2011
  • 227. Po ssi bl e I n cen t iv e s •To obta in a d e g re e f ro m a c h o i c e o f s e t subjects • To wor k f o r a C h a ri t y fo r a s e t p e r i o d • To le arn a l a n g u a g e, w r i t t e n a n d spoken • To l e a rn a M u s i ca l I n s t ru m e n tFriday, 16 September 2011
  • 228. Friday, 16 September 2011
  • 229. Po ssi bl e I n cen t iv e sFriday, 16 September 2011
  • 230. Po ssi bl e I n cen t iv e s • To ma i n t a i n a c e rt a i n ca r b o n fo o t p r i n tFriday, 16 September 2011
  • 231. Po ssi bl e I n cen t iv e s • To ma i n t a i n a c e rt a i n ca r b o n fo o t p r i n t • To v i s i t I n d iaFriday, 16 September 2011
  • 232. Po ssi bl e I n cen t iv e s • To ma i n t a i n a c e rt a i n ca r b o n fo o t p r i n t • To v i s i t I n d ia • To Vi s i t E a s t Afr i c aFriday, 16 September 2011
  • 233. Po ssi bl e I n cen t iv e s • To ma i n t a i n a c e rt a i n ca r b o n fo o t p r i n t • To v i s i t I n d ia • To Vi s i t E a s t Afr i c a • To re a d a l i s t o f ch o s e n b o o k sFriday, 16 September 2011
  • 234. Friday, 16 September 2011
  • 235. Po ssi bl e I n cen t iv e sFriday, 16 September 2011
  • 236. Po ssi bl e I n cen t iv e s • To h a v e j o i n t f a m i l y v a c a t i o n sFriday, 16 September 2011
  • 237. Po ssi bl e I n cen t iv e s • To h a v e j o i n t f a m i l y v a c a t i o n s • To take par t i n c u l t u r a l a c t i v i t i e s a n d societiesFriday, 16 September 2011
  • 238. Po ssi bl e I n cen t iv e s • To h a v e j o i n t f a m i l y v a c a t i o n s • To take par t i n c u l t u r a l a c t i v i t i e s a n d societies • To l ea rn t h e f a m i l y fa i t hFriday, 16 September 2011
  • 239. Po ssi bl e I n cen t iv e s • To h a v e j o i n t f a m i l y v a c a t i o n s • To take par t i n c u l t u r a l a c t i v i t i e s a n d societies • To l ea rn t h e f a m i l y fa i t h • To l e a rn a b o u t a l l m a j o r fa i t h sFriday, 16 September 2011
  • 240. Friday, 16 September 2011
  • 241. Po ssi bl e I n cen t iv e sFriday, 16 September 2011
  • 242. Po ssi bl e I n cen t iv e s • To ca rry ou t re se a rch in t o ch ose n subjectsFriday, 16 September 2011
  • 243. Po ssi bl e I n cen t iv e s • To ca rry ou t re se a rch in t o ch ose n subjects • To l e a rn t o d a n c eFriday, 16 September 2011
  • 244. Po ssi bl e I n cen t iv e s • To ca rry ou t re se a rch in t o ch ose n subjects • To l e a rn t o d a n c e • To t a k e e l o que n c e l e s s o n sFriday, 16 September 2011
  • 245. Po ssi bl e I n cen t iv e s • To ca rry ou t re se a rch in t o ch ose n subjects • To l e a rn t o d a n c e • To t a k e e l o que n c e l e s s o n s • an d so on . . . w h a t e ve r y ou t h i n k , t h e p ossib i l it i e s a re on ly l i mi t e d n y ou r i m ag ina t i on a n d g o o d s e n s eFriday, 16 September 2011
  • 246. Friday, 16 September 2011
  • 247. Po ssi bl e I n cen t iv e sFriday, 16 September 2011
  • 248. Po ssi bl e I n cen t iv e s In Amer ica t h e g oal s are a l i t t l e more serious such as ...Friday, 16 September 2011
  • 249. Po ssi bl e I n cen t iv e s In Amer ica t h e g oal s are a l i t t l e more serious such as ... To ma t ch t h e B e n e fi c i a r i e s y e a r l y i n c o meFriday, 16 September 2011
  • 250. Po ssi bl e I n cen t iv e s In Amer ica t h e g oal s are a l i t t l e more serious such as ... To ma t ch t h e B e n e fi c i a r i e s y e a r l y i n c o me Rewa rd f or e v e r y y e a r o f s t a y i n g marriedFriday, 16 September 2011
  • 251. Po ssi bl e I n cen t iv e s In Amer ica t h e g oal s are a l i t t l e more serious such as ... To ma t ch t h e B e n e fi c i a r i e s y e a r l y i n c o me Rewa rd f or e v e r y y e a r o f s t a y i n g married Rew ard for w o m e n t o s t a y a t h o m e a n d lo ok a f t e r t h e c hi l d re nFriday, 16 September 2011
  • 252. Friday, 16 September 2011
  • 253. Po ssi bl e I n cen t iv e sFriday, 16 September 2011
  • 254. Po ssi bl e I n cen t iv e s And on the deterrent side to restrict p a y m e n t i f d ru g s t e s t s a re f a i l e dFriday, 16 September 2011
  • 255. Po ssi bl e I n cen t iv e s And on the deterrent side to restrict p a y m e n t i f d ru g s t e s t s a re f a i l e d The sub ject of In ce n t i ve s i n Ame r i ca form s par t o f a separ a t e p re s e n t a t i o nFriday, 16 September 2011
  • 256. Friday, 16 September 2011
  • 257. Po ssi bl e I n cen t iv e sFriday, 16 September 2011
  • 258. Po ssi bl e I n cen t iv e s • an d so on . . . w h a t e ve r y ou t h i n k , t h e p ossib i l it i e s a re on l y l i mi t e d b y ou r i m ag ina t i on a n d g o o d s e n s eFriday, 16 September 2011
  • 259. Friday, 16 September 2011
  • 260. I n c en t i vesFriday, 16 September 2011
  • 261. I n c en t i ves • And if the Beneficiary does not carry out the task , then the money goes to C h a ri t y.Friday, 16 September 2011
  • 262. I n c en t i ves • And if the Beneficiary does not carry out the task , then the money goes to C h a ri t y. • And if the Beneficiary does carry out t h e t a s k , t h e n a g re a t e r a m o u n t g o e s t o C h a ri t yFriday, 16 September 2011
  • 263. Friday, 16 September 2011
  • 264. IncentivesFriday, 16 September 2011
  • 265. Incentives Th e Ince n t ive s a re onl y l imi t e d b y ou r imag i n at i o n a n d ou r g o o d s e n s eFriday, 16 September 2011
  • 266. Friday, 16 September 2011
  • 267. LawyersFriday, 16 September 2011
  • 268. Lawyers As lawyers this is good clean workFriday, 16 September 2011
  • 269. Lawyers As lawyers this is good clean work The fees are paid on delivery so assists cash flowFriday, 16 September 2011
  • 270. Lawyers As lawyers this is good clean work The fees are paid on delivery so assists cash flow F e w e r p re s s u re s o r d e a d l i n e sFriday, 16 September 2011
  • 271. Lawyers As lawyers this is good clean work The fees are paid on delivery so assists cash flow F e w e r p re s s u re s o r d e a d l i n e s The work is capable of being delegated a n d supe r vi se dFriday, 16 September 2011
  • 272. Friday, 16 September 2011
  • 273. LawyersFriday, 16 September 2011
  • 274. Lawyers It is easy to startFriday, 16 September 2011
  • 275. Lawyers It is easy to start Good Marketing will bring forth clientsFriday, 16 September 2011
  • 276. Lawyers It is easy to start Good Marketing will bring forth clients F e w e r p re s s u re s o r d e a d l i n e sFriday, 16 September 2011
  • 277. Lawyers It is easy to start Good Marketing will bring forth clients F e w e r p re s s u re s o r d e a d l i n e s The advantages are numerous and set out separatelyFriday, 16 September 2011
  • 278. Friday, 16 September 2011
  • 279. LawyersFriday, 16 September 2011
  • 280. Lawyers In essence this work willFriday, 16 September 2011
  • 281. Lawyers In essence this work will Attract New ClientsFriday, 16 September 2011
  • 282. Lawyers In essence this work will Attract New Clients Attract Better ClientsFriday, 16 September 2011
  • 283. Lawyers In essence this work will Attract New Clients Attract Better Clients Impress existing ClientsFriday, 16 September 2011
  • 284. Friday, 16 September 2011
  • 285. Wills ExtrasFriday, 16 September 2011
  • 286. Wills Extras Pi ctu re s at t i m e o f s i g ni n g Wi l l a n d k e p t w i t h t h e Wi l lFriday, 16 September 2011
  • 287. Wills Extras Pi ctu re s at t i m e o f s i g ni n g Wi l l a n d k e p t w i t h t h e Wi l l Pict ures o f B e n e f i c i a r i e s a n d E x e c u t o r s a n d Tru st e e sFriday, 16 September 2011
  • 288. Wills Extras Pi ctu re s at t i m e o f s i g ni n g Wi l l a n d k e p t w i t h t h e Wi l l Pict ures o f B e n e f i c i a r i e s a n d E x e c u t o r s a n d Tru st e e s Sp ecially de si g n e d Wi l l s f ol de r f or t h e clientFriday, 16 September 2011
  • 289. Friday, 16 September 2011
  • 290. C on c l us i o nFriday, 16 September 2011
  • 291. C on c l us i o n Where the re i s a Wi l l , t h e re a re m a n y w a ys, f or t h e w i l l i n gFriday, 16 September 2011
  • 292. C on c l us i o n Where the re i s a Wi l l , t h e re a re m a n y w a ys, f or t h e w i l l i n g Yo u r w e a l t h c a n m a k e y o u r l o v e d o n e s Wo r k , R e s t , P l a yFriday, 16 September 2011
  • 293. C on c l us i o n Where the re i s a Wi l l , t h e re a re m a n y w a ys, f or t h e w i l l i n g Yo u r w e a l t h c a n m a k e y o u r l o v e d o n e s Wo r k , R e s t , P l a y a nd D a nc e t o so me o f y o u r t u n e sFriday, 16 September 2011
  • 294. Friday, 16 September 2011
  • 295. A New ApproachFriday, 16 September 2011
  • 296. A New Approach It s not just In ce n t i ve s b u t a w h ol e di ffere n t a p p roa ch t o h ow Wi l l s a re n or ma l l y ma deFriday, 16 September 2011
  • 297. Friday, 16 September 2011
  • 298. C h a l l eng e sFriday, 16 September 2011
  • 299. C h a l l eng e s A sep ar at e p re se n t at i on de a l s w i t h ob ject ion s a n d ch a l l e n g e s t o t h e IncentivesFriday, 16 September 2011
  • 300. Friday, 16 September 2011
  • 301. O ff s h o reFriday, 16 September 2011
  • 302. O ff s h o re The adva nt a g e s a n d di sa dva n t a g e s of offshore arrangementsFriday, 16 September 2011
  • 303. O ff s h o re The adva nt a g e s a n d di sa dva n t a g e s of offshore arrangements A separate presentationFriday, 16 September 2011
  • 304. O ff s h o re The adva nt a g e s a n d di sa dva n t a g e s of offshore arrangements A separate presentation a nd D a nc e t o so me o f y o u r t u n e sFriday, 16 September 2011