Will Precedents and Inheritance Tax

Taking the view that writing a will is a tax planning exercise in itself, this book explains the law in relation to wills and inheritance tax, and examines a wide range of subjects such as tax exemption on works of art, the matrimonial home and children. A disk of precedents is also provided.

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Since the third edition of this book was published in 1988 there have been a number of small, yet wide-ranging changes in the field of inheritance tax - initiated by the Finance Act 1988, which introduced a simple two-band structure of inheritance tax and amended by subsequent Finance Acts which have altered the inheritance tax regime further. Taking the view that writing a will is a tax planning exercise in itself, the book explains the law fully in relation to wills and inheritance tax, examining a wide range of subjects such as tax exemption on works of art, the matrimonial home and children. The book contains complete will precedents and other forms, aids and documents. Two new features of this edition are a chapter on Enduring Powers of Attorney - a subject which can conveniently be raised when clients make their wills - and a disk of precedents making the more important precedents available at a glance. The disk contains all the forms and precedents in Parts II - IV of the book. The numbering of each precedent enables quick and easy retrieval enabling important time savings to be made by the user.