Skip to main content

WIQS 2021 Update: Will Drafting

Course Description

Overview

  • 1.5 hours
  • Intermediate
Are you aware of best practice in remote witnessing? Are you confident in minimising the chances of successful challenges to a will?

By completing this course you’ll be up to date with best practice in taking instructions for a will, executing wills remotely and drafting life interest trusts and rights of occupation.

In short, easy-to-understand modules, you’ll cover everything you need to support your WIQS re-accreditation.

Learning outcomes

After completing this course, you will be able to:

  • Observe good practice when taking instructions for a will
  • Identify circumstances in which virtual witnessing may be appropriate
  • Explain the requirements of virtual witnessing to clients
  • Explain the IHT implications of occupation rights and life interest trusts
  • Include appropriate provisions when drafting occupation rights and life interest trusts

What this will cover

This course consists of three modules.

1. Taking Instructions
2. Executing Wills Remotely
3. Drafting Life Interest Trusts and Rights of Occupation

Module 1: Taking Instructions

E-learning

In this module you will cover the importance of attendance notes and good practice when taking instructions.

Module 2: Executing Wills Remotely

E-learning

In this module you will cover the requirements of Wills Act 1837, s.9; what the statutory instrument allows; the limitations of remote witnessing; and matters your firm should consider if preparing wills for clients to execute remotely.

Module 3: Drafting Life Interest Trusts and Rights of Occupation

E-learning

In this module you will cover the differences between life interest trusts and rights of occupation for beneficiaries; points to include when drafting life interest trusts and rights of occupation; and the IHT implications of life interest trusts and rights of occupation.

Assessment (complete e-learning to unlock)

Exam

The assessment consists of 15 multiple choice questions. In order to pass the assessment you must achieve a mark of 80%. The assessment can only be taken a maximum of three times before the course must be taken again.