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EVENT DETAILS  
COURSE TITLE

ACTING AS AN EXECUTOR

DATE Monday 9 October 2017
VENUE Gatwick Manor Hotel
SPEAKER Bob Trunchion
COURSE CODE OC09A7
COURSE FEE

£99+VAT. (Click here for information on the Flexiticket discount scheme - fees as low as £45.60+VAT per place)

TIMING
Registration Course starts Coffee Course ends
09:00 09:30 11:00 12:30
OBJECTIVES
  • With the age profile of the UK likely to be that of continuing ageing for the next two decades, the role of will and lifetime planning becomes a vital service for accountants. There are plenty of courses which consider that hugely important opportunities available when it comes to the relevant tax planning arising in this area. Few deal with the ramifications of dealing with the practical aspects of wills, death and subsequent administration of the estate.
  • Further, in the past many practitioners have turned down opportunities to act as executors of clients’ wills or helping with the administration of an estate due to difficulties in obtaining probate and, very often, the need to involve another professional as there were strict rules which precluded 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 “license” accountants 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.
WHO SHOULD ATTEND?

Anyone who wants to offer a complete service to clients by offering to be their executor or to help with the administration of their estate. It is not aimed at solicitors (although it will clearly look at the interactions and synergies between the professions) but the accountant with a reasonable understanding of the various taxes who is looking to expand their “offering” to clients especially in the light of the pressures caused by MTD (making tax digital). Attendance on the course does not count towards the training required by the ICAEW to become an “Authorised” individual for probate work.

TOPICS
  • Introduction and the opportunities - what are the ICAEW rules regarding licensing firms and how would you set about becoming an authorised individual under their probate regulations
  • It will look at the ICAEW guidance on when a firm needs to be licensed (mandatory from 1 August 2015) and the restrictions that remain for unlicensed firms
  • Why should your firm look to offer these services?
  • Who can be an executor and how far can you go - including when you should involve solicitors
  • Why have wills and, as a professional executor, what should we look out for?
  • What if there is no will?
  • The 6 stages of probate- a brief introduction to demystify the process to see if it is something that you feel your firm should offer
  • IHT and other forms
  • Some tax and other planning points illustrated with practical examples:
  • Getting the right structures will and lifetime planning

  • Thinking about what planning executors can do post death

  • Thinking “outside the box” to achieve results

Please note this course is an introductory/refresher course – it is to look at what is involved and why you should consider undertaking 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 – it will outline how you may go on to achieve this. It counts for CPD purposes generally and for those with the probate authorisation, it should count as specific CPD.

 

Click here for booking form (pdf)

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