wills

Question 1

capcity to make will

Answer 1

T must understand:
a. nature and effect
b. extent of property
c. moral claims

Question 2

when is capacity presumed

Answer 2

a. will is rational on its face
b. T showed no mental confusion

Question 3

presumption on knowledg and approval

Answer 3

t has capacity and has read and executed will

Question 4

how to prevent issue of grant

Answer 4

lodge a caveat which lasts 6 months

Question 5

citation to take probate

Answer 5

where executor has intermeddled but shows no signg of applying for grnt. if they don’t proceed may apply for passing over

Question 6

citation to prpound

Answer 6

if another version exists which may affect rights

Question 7

joointly owned land value discount

Answer 7

10% commercial
15% domestic

Question 8

finding value of listed shares

Answer 8

lower listed price plus 1/4 of the difference

Question 9

BPR 100% reduction

Answer 9

a. business or interest in a business
b. unquoted shares

Question 10

BPR 50% reduction

Answer 10

a. quoted shares where T had over 50% of voting rights
b. land, plant machinery, buildings used for buisness in control of T