Practitioners know that it is vital that they should be able to accurately predict for their client the proportions in which eg charitable and non-charitable legatees should benefit under any will. But does an estate given after debts and funeral expenses as to 20/40ths amongst 20 individual legatees and as to 20/40ths amongst 20 charities produce the result that each legatee takes equal shares of net estate? Without more, authority says not: the IHT is borne by the non-exempt individuals. Is that what’s wanted? Thirty-five years on from the leading case, this is a source of constant negligence problems. Just because a topic is nerdy it doesn’t follow that it’s not important.

At this seminar, Derek Francis, LL.B., CTA (Fellow), advocate, barrister will cover:

• The legislative obstacles to achieving net shares of equal value in the hands of exempt and non-exempt legatees taking rateably.
• Addressing the problem – Blackburne J’s rule in re Ratcliffe; c.f. re Benham exception and any reasons for it.
• Some precedent styles necessary to achieve – or exclude – equal net proportionality.

Registration will commence at 12.45pm with the seminar starting at 1pm. The seminar has been accredited by the Faculty of Advocates as contributing 1 hour of CPD for its own members and is eligible for a similar award from the Law Society for the solicitor branch of the profession.

There is no charge for attendance, however booking is necessary – to reserve a space at this event please email seminars@terrafirmachambers.com. Spaces will be allocated on a first come, first served basis.