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Wills Outline - Coggle Diagram

- - - - Estate Passing on Death
        
        List all assets passing on death and workout their value as at the date of death after deducting liabilities and expenses
      - Lifetime Gifts within 7 years prior to the death
        
        List all lifetime gifts PET and CLT made within 7 years prior to death and workout their value at the date they were made
        
        PET
        
        Gifts made within the 7 years prior to death
        
        LCT
        
        Chargeable Lifetime Transfer- Gifts that were immediately transferrable to IHT during D's lifetime at a rate of 20% above the NRB. The facts should tell you if this has happened, as it applies to very specific types of gifts related to trusts and companies