Legal Rights (A Wholly Scottish Concept) - A Live Guide for Private Client Professionals

Introduction

Legal Rights is a uniquely Scottish concept, and whilst it seems like a simple means of avoiding disinheritance on the face of it, the concept (and calculation) has a number of hidden traps!

This new virtual classroom seminar will look at some of the peculiarities of this concept and the common issues that practitioners face, alongside some case studies and examples.

The session is aimed at private client practitioners who deal with will drafting, succession planning, and estate administration.

What You Will Learn

This live and interactive session will cover the following:

• A brief reminder of the principles and the basic calculation
• What constitutes ‘moveable property’ and issues on valuation
• When is heritable property ‘moveable’ and the concept of conversion
• What deductions can be made to ascertain the ‘net’ moveable estate
• The concept of collation and in what circumstances gifts may be brought into account
• Issues around missing or incapax beneficiaries
• How legal rights interact with trusts and issues to consider
• What tax implications might you need to consider?

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.