Module 7 – Basic Wills for Clients

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* 1. Q1 – The word “absolutely” in a Will suggests gifts will generally pass without any constraints or protection, true or false?

True

False

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* 2. Q2 – Which of the following statements is correct?

There is a history of solicitors closing down will trusts following probate.

Wills are traditionally effective legal instruments for directing assets on death

It is important that there is a high level of certainty that a client’s wishes will be carried out.

All of the above

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* 3. Q3 – Which of the following is a simple Will not generally suitable for

A modest estate

A high net worth client

A client with an outdated Will

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* 4. Q4 – Which statement regarding intestacy is false for single clients?

If a single client has no Will, their personally owned assets will not pass to their partner

If a single client has no Will their assets will pass to their children in equal shares

If a single client has no Will their assets will pass to their parents if they have no children

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* 5. Q5 – Which statement regarding intestacy is false for legal partnerships?

If a client in a legal partnership with children has no Will all of their £450,000 of personally owned assets will pass to their partner

If a client in a legal partnership has no Will all of their joint assets will pass to the joint asset holder automatically.

If a client in a legal partnership with one 10 year old child has no Will and £470,000 of personally owned assets £370,000 will pass to their partner and £100,000 will be inherited absolutely by the child at age 18.

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* 6. Q6 – If a client in a legal partnership both have children from previous relationships any assets they leave their partner under a simple Will are certain to pass to their own children eventually true or false?

True

False

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* 7. Q7 – Which of the following statements is false

If a client in a legal partnership leaves their share of a family home on a life interest to their spouse it should be protected against claims should their partner remarry

If a client in a legal partnership leaves their share of a family home on a life interest to their spouse it should be protected against care fee claims

If a client in a legal partnership leaves their share of a family home on a life interest to their spouse the share is outside the survivor’s estate for IHT purposes.

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* 8. Q8 – Which of the following statements is true?

A child can provide Will instructions for a parent as long as they are named as Attorney under a valid LPA.

If you have concerns about undue influence with a client you should take instructions without anyone else in the room

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* 9. Q9 – Secure storage of Wills is not a problem because scanned copies can be used at probate true or false?

True

False

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* 10. Q10 – Which of the following statements is false?

When a client remarries, their Will becomes invalid

When a client in a legal partnership loses their partner their Will becomes invalid

Module 7 – Basic Wills for Clients

Question Title

* 1. Q1 – The word “absolutely” in a Will suggests gifts will generally pass without any constraints or protection, true or false?

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* 2. Q2 – Which of the following statements is correct?

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* 3. Q3 – Which of the following is a simple Will not generally suitable for

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* 4. Q4 – Which statement regarding intestacy is false for single clients?

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* 5. Q5 – Which statement regarding intestacy is false for legal partnerships?

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* 6. Q6 – If a client in a legal partnership both have children from previous relationships any assets they leave their partner under a simple Will are certain to pass to their own children eventually true or false?

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* 7. Q7 – Which of the following statements is false

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* 8. Q8 – Which of the following statements is true?

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* 9. Q9 – Secure storage of Wills is not a problem because scanned copies can be used at probate true or false?

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* 10. Q10 – Which of the following statements is false?

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