Probate For Accountants - What Is In It For The Accountant?

TIMING

COURSE FEE

 £105+VAT. (click here for information on the Flexiticket discount scheme - fees as low as £58.33+VAT per place). 

COURSE CODE

JN04B9

SPEAKER

Bob Trunchion 

OBJECTIVES

In the past many practitioners have turned down opportunities to act as executors of clients’ wills due to difficulties in obtaining probate and, very often, the need to involve another professional as there were, and remain, strict rules which preclude many accountants from doing certain parts of the probate process.

The rules that relate to obtaining probate have now changed to allow some professionals other than solicitors to apply for grants of probate. However, this is not a blanket relaxation of the rules. However, with the ICAEW now able to “licence” its members to undertake some types of probate work and, despite the restrictions that remain, it is important that practitioners are able to participate in this profitable area, where you can provide a real and lasting service to your clients, and not turn such work away.

This course outlines how an ICAEW member can set about undertaking this type of work and, just as importantly, why they should do so.

This course considers the important opportunities available through the use of wills and trusts particularly after death both from an asset protection and tax planning point of view. It will assume delegates have a basic knowledge of IHT and related taxes and how they work.

WHO SHOULD ATTEND?

Partners and staff who wish to explore this area.

TOPICS

The course will cover:

• Introduction and the opportunities – What are the ICAEW rules regarding licencing firms and how would you set out about becoming an Authorised Individual under their Probate Regulations?
• Where are other professional Bodies?
• Why should your firm look to offer these services?
• Who can be an executor and how far you can go – including when you should involve solicitors
• Why have wills and, as a professional executor, what should we look out for in these?
• The six stages of probate – a brief introduction to demystify the process to see if it is something that you feel your firm should offer

Please note this course is an introductory course – it is to look at what is involved and why you should undertake this work – the course does not specifically count towards the training needed to satisfy the ICAEW that you have the competency to become an Authorised Individual – the course will outline how you may go on to achieve this. However, it would count as relevant CPD in this area.

VENUE

Solent Hotel, Whiteley, Fareham

DISTRICT

Southern