Checklist for Wills where TNRB relevant

Posted July 2, 2009

Disclaimer: LawSkills provides training for the legal industry and does not provide legal advice to members of the public. For help or guidance please seek the services of a qualified practitioner.

The so-called simplification of Will drafting by the introduction of the Transferable Nil Rate Band (TNRB) has complicated matters for some clients. Where the clients have been married (or been in a civil partnership) before particular care is required in assessing the use or transferability of the previous spouse/CP unused nil rate band. The Will drafter should focus on where any unused nil rate band may be wasted and whether the client appreciates the options open to him. For a simple checklist to consider in such circumstances please click below.

CHECKLIST – download pdf here

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Gill Steel

Tel: 01962 776442 Email: gill.steel@lawskills.co.uk Gill Steel is a solicitor with more than 35 years specialist experience in Wills, Probate, Trusts, Taxation of Trusts and Elderly Client issues. She is an active protagonist of Private Client law and a well-informed and rich source of knowledge for practitioners. As a compelling seminar and conference speaker both in-house and at public events Gill has a strong gift for making topics practical, engaging, authoritative and informative. Gill is the author of The Trust Practitioner's Handbook (currently on its 4th edition) and its companion book the Trust Practitioner’s Toolkit both published by the Law Society, has written The Street-wise Guide To Getting The Best From Your Lawyer, published by Edward Everett Root, which is her first book for the general public, and she contributed to Equity & Trusts published by Hall & Stott Publishing. Recently LawSkills has self-published “Residence Nil Rate Band – Practical thoughts on its use and application” available from Amazon.