Seminar wills 2010

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Seminar wills 2010

  1. 1. Private Wealth Management
  2. 2. Agenda <ul><li>Who are Globaleye </li></ul><ul><li>What do we do? </li></ul><ul><li>Way Forward </li></ul>
  3. 3. Globaleye <ul><li>Founded 14 years ago </li></ul><ul><li>Maktoum sponsored </li></ul><ul><li>Global presence </li></ul><ul><li>Service </li></ul><ul><li>Independent </li></ul><ul><li>Security </li></ul>
  4. 4. Risk Taxation Estate Planning Emergency Reserve Education Retirement Onshore Pensions Medical Ins Critical Illness Wills Family Protection Offshore Bank Accounts Future Security Management Holistic Wealth Management
  5. 5. Last Will and Testament <ul><li>What is a Will </li></ul><ul><li>History </li></ul><ul><li>Risks not having a Will </li></ul><ul><li>How to set a will up </li></ul><ul><li>Costs </li></ul><ul><li>Process </li></ul>
  6. 6. If you do not have a Last Will and T estament … <ul><li>Intestate </li></ul><ul><li>Probate in each jurisdiction </li></ul><ul><li>Frozen </li></ul><ul><li>Find assets! </li></ul><ul><li>Family infighting re assets </li></ul><ul><li>Guardianship </li></ul><ul><li>Funeral </li></ul><ul><li>Taxation – IHT </li></ul><ul><li>181 days / 3% per annum </li></ul>
  7. 7. http://www.hmrc.gov.uk/cto/customerguide/page14-1.htm
  8. 8. Sharia Law <ul><li>Sharia Scholar appointed </li></ul><ul><li>Wife – ¼ if no children – 1/6 th if children </li></ul><ul><li>Husband ½ if no children – ¼ if children </li></ul><ul><li>Father 1/6 th </li></ul><ul><li>Grandfather 1/6 th </li></ul><ul><li>Sons ⅔ rds - daughters up to ⅓ rd </li></ul><ul><li>Male line </li></ul>
  9. 9. How to set up a Will <ul><li>Will Questionnaire </li></ul><ul><ul><li>Executors </li></ul></ul><ul><ul><li>Guardians </li></ul></ul><ul><ul><li>Primary and secondary (substitutes) </li></ul></ul><ul><ul><li>Beneficiaries </li></ul></ul><ul><ul><li>Specific gifts </li></ul></ul>
  10. 10. Costs <ul><li>Wills Direct </li></ul><ul><li>Single and Mirror Wills </li></ul>
  11. 11. Process <ul><li>Questionnaire </li></ul><ul><li>Draft </li></ul><ul><li>Witnessed and signed </li></ul><ul><li>Free consultation in your offices </li></ul>
  12. 12. Any Questions?

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