Interview

Question 1

Interview steps

• Wills
• Property

Answer 1

• Welcome
• Introductions
• Initial acknowledgements (grief)
• Contact details
• Initial open question
• Gather info
• Advice
• Check with client
• Next steps
• written advice
• further info required
• Close

Question 2

Can notes of meeting be referenced in meeting brief?

Answer 2

Yes

Question 3

Intro considerations

Answer 3

• greeting
• full name and role
• Structure of the meeting
• Check contact details
• Have looked at the papers
• Open question

Question 4

Interview Wills - order

Answer 4

• Confirm identity of deceased
• Will?
• Executors
• Beneficiaries
• Assets
• Debts
• Lifetime gifts
• Trusts
• Tax

Question 5

Intestacy

Answer 5

• Administrators
• Order of pay out

Question 6

Will validity

Answer 6

• Signed
• Witnessed
• effect of deletion
• effect of destruction

Question 7

Consideration of executors

Answer 7

• Who is willing to act
• Divorce
• Options for declining
• Intermeddling

Question 8

Consideration of administrators

Answer 8

• Clearing off
• What if don’t want to act
• What if beneficiaries are missing

Question 9

Consideration of beneficiaries

Answer 9

• identify them
• order of payment
• effect of death
• Children
• who can give receipt
• Trusts

Question 10

Considerations of Assets

Answer 10

• Valuations
• Specific legacy - still held?
• General legacy
• Life policies
• Occupational pension scheme
• Trusts
• Property (did they live there)
• Order of payout

Question 11

Consideration of Debts

Answer 11

• Mortgage
• Credit card
• Funeral costs
• Administration costs

Question 12

Consideration of order of distribution

Answer 12

• Order of payout
• Wife’s share
• IFP 1975

Question 13

Consideration of Tax

Answer 13

• Family home
• who lived in it
• How held (JT or TC)
• Lifetime gifts
• LCTs
• Exempt estate?
• Process for paying tax

Question 14

Consideration of Process

Answer 14

• applying for probate
• what are the next steps?

Question 15

Interview - Wills - Considerations

Answer 15

_ Is there a Will
- is the Will valid?
Executors:
- Any divorce
- Intermeddling
Spouse
- what can they expect?

Know about fungible assets;
- Specific items if no longer exist gift fails
- Non specific gifts can be bought
House
- Ownership?
Insurance policy
- written into trust?

Lifetime gifts

Trusts

Question 16

In