John Prebble has posted on SSRN an article titled "Estate Planning Checklist." The abstract follows below:
"A complete and detailed examination of the client's financial affairs is necessary for estate planning to be effective. The matters to be borne in mind include: estate duties; gift duties; the client's items of property; the client's taxable income; cash flow of the client's business; and the income and asset position of the client's partner and family.
As at 2009, much of the substantive law discussed in this note has been amended or repealed. In particular, while the Estate and Gift Duties Act 1968 is still on the statute book, the rates of the estate duty are now zero, in effect abolishing the tax. Nevertheless, the practical methodology suggested for advising personal clients remains of use for practitioners today."
Posted by Patrick Siegfried, Associate Editor, Wealth Strategies Journal.
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