Probate 🪦📜

This class was created by Brainscape user Nikhil !. Visit their profile to learn more about the creator.

Decks in this class (25)

Validity of will
What are the two main requirement...,
What must a will comply with to b...,
What is the presumption regarding...
9  cards
Force, fear, fraud or undue influence
What happens to a will if it is m...,
What is the term used for a will ...,
What constitutes undue influence ...
3  cards
Valid execution of will
What are the basic requirements f...,
What are the basic requirements f...,
What are the basic requirements f...
10  cards
Amendment of will
How can a will be amended after i...,
What is the general presumption r...,
How can a will be amended or part...
3  cards
Revocation of wills
When may a will be revoked,
What happens to a will if a testa...,
What is the effect of a divorce o...
8  cards
Interpretation of will
How are gifts in wills treated in...,
What are the 4 categories of gift...,
What are the 4 categories of gift...
8  cards
Rules of Intestacy
What happens if the decedent was ...,
How is the estate divided if the ...,
How is the estate divided if the ...
13  cards
Property passing outside the will or intestacy
What happens if the decedent was ...,
How is the estate divided if the ...,
How is the estate divided if the ...
13  cards
Personal Representatives
What are personal representatives...,
How can a testator appoint an exe...,
What happens if a spouse named as...
8  cards
Grant of Representation
What is a grant of representation,
Under what circumstances can a pr...,
What types of property can be sol...
23  cards
Pre-grant procedure
What must prs do to obtain the gr...,
Can a potential pr request banks ...,
Can similar requests be made for ...
4  cards
Applying to the court
What documents are needed for an ...,
What documents are needed for an ...,
What documents are needed for an ...
10  cards
Dealing with HMRC
What must prs do within 12 months...,
How is co owned land valued for i...,
What constitutes a small estate e...
4  cards
IHT
Iht rate,
Payment deadline,
Who pays
32  cards
Duties of PRs
Preservation and realisation of e...,
Preservation and realisation of e...,
Acting in the best interests of b...
6  cards
Admin powers of PRs
Sale mortgage or lease of estate ...,
Appropriation of estate assets,
Appointment of trustees for minors
11  cards
Protection of PRs
Liability to beneficiaries and cr...,
Advertise for claims,
Options if beneficiary or credito...
8  cards
Collecting and realising assets
1 estate creditors,
2 sale of specifically gifted pro...,
3 payment of unsecured creditors
19  cards
Post-death charges
What is a disclaimer,
Can a disclaimer be oral,
What happens if a specific legate...
12  cards
Payment of legacies
How are chattels transferred to b...,
How are company shares transferre...,
How is land transferred to benefi...
12  cards
Ascertaining the residue
How must prs handle tax liabiliti...,
Can prs charge for their services,
Can prs charge for their services
4  cards
Estate accounts
What are the three accounts prs u...,
What are the three accounts prs u...,
What are the three accounts prs u...
5  cards
Assents
What does an assent by the prs do,
When does an assent take effect,
What must an assent include
4  cards
Beneficiaries' rights and remedies
When does a beneficiary acquire a...,
Can a beneficiary bring an action...,
Is a pr liable if they acted hone...
4  cards
Claims against estates under Inheritance (Provision for Family and Dependants) Act 1975
Under the 1975 act when can a fam...,
Who may make a family provision c...,
Who may make a family provision c...
9  cards

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Probate 🪦📜

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