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Client Testamentary Instruction Form

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Client Testamentary Instruction Form Client Testamentary Instruction Form Please complete following details Consultant Name: Company: Instructions for Single Mirror preparing Will Will First Testator Name: Second Testator Name: Date Submitted: If you have any questions please contact our Technical Team 01522 500823 or email [email protected] 1. Please use BLOCK CAPITALS throughout. Do not use abbreviations 2. Identify all people by their FULL Names, surname last 3. Many questions can simply be answered YES or NO with a tick. Put a line through any sections which do not apply to you. 4. Additional legacies can be listed on a supplementary sheet. Please clearly state which section of this form will include additional information. More than 4 legacies will attract additional administration fees. 5. The declaration on page 20 must be signed and completed before your application can be processed. 6. Use the sections on page 19 & 23 to detail advice given but not taken by the Testator(s) and give reasons why. 7. A signed copy of BTWC’s Terms of Business document must be submitted with every application 8. Please ensure client ID is supplied to meet BTWC’s Anti-Money Laundering Compliance ID Requirements 9. For EXPRESS WILLS, please clearly mark that this service is required. Additional fees will be payable and are available upon request. 10. Standard turnaround times are 7-14 working days For Office Use Only Reference Number: Date Received: Payment Received: Date sent to WW: Date returned from WW: Copyright BTWC Ltd 2017 Private & Confidential P a g e | 1 JOINT OWNED ESTATE VALUATION ASSETS £ 1ST TESTATOR £ 2ND TESTATOR £ Main residence/Additional properties/Buy-to-Let Foreign assets - real estate Country: Life policies - not written into trust ISA's (cash) ISA's (stocks and shares) Pension / Death in Service Benefits / SIPPS (Not under Trust) Shares Unit trusts/investment bonds Business assets: sole trader/husband wife partnership/Ltd/LLP Business assets: partnerships/shareholdings Bank/Building Society savings Chattels (items of personal use) Cars Other GROSS TOTAL ESTATE VALUES Less liabilities (for estimating IHT liabilities only) Mortgage(s) Loans (including credit and store cards) Other (including Equity Release) TOTAL LIABILITIES TOTAL ESTATE VALUE LESS TOTAL LIABILITIES NET VALUE OF ESTATE IHT for Married Couples & Civil Partners only Could the payment of IHT be relevant to either client? Yes/No Have either client been in an former marriage or civil partnership? Yes/No If YES did any of these end in death? Yes/No Testator 1: In respect of that marriage or Civil Partnership did the deceased Yes/No spouse die without using all their NRB? Testator 2: In respect of that marriage or Civil Partnership did the deceased Yes/No spouse die without using all their NRB? Have you had or completed a financial review recently? Yes/No *Where a former spouse or civil partner of the testator has died without fully using his or her NRB this unused exemption may still be available after remarriage. • These calculations are accepted to be estimations only. • Please provide this information so that your families needs can be fully assessed and your estate appropriately distributed. Copyright BTWC Ltd 2017 Private & Confidential P a g e | 2 SECTION 1: TESTATORS DETAILS First Testator Details DATE OF FULL NAME: BIRTH: Are you known by any other name? Are you able to read and sign your Will Yes/No If NO give reason unaided? Second Testator Details CIVIL Relationship to first testator: SPOUSE: PARTNER: PARTNER: DATE OF BIRTH : FULL NAME: If unmarried would you like your wills prepared Yes/No If YES give date: in expectation of your future Marriage? Are you known by any other name? Are you able to read and sign If NO give Yes/No your Will unaided? reason Address Address Line 1 Address Line 2 Town/City Post Code: Tel No: Email: If you have an existing Will may we Yes/No Copy Will Supplied Yes/No see it? Copyright BTWC Ltd 2017 Private & Confidential P a g e | 3 SECTION 2: EXECUTORS Executor 1: Would you like your spouse or Yes/No partner to be your first executor? If YES do you wish them to: (A) Act ALONE in which (B) Act JOINTLY WITH OTHERS in case your should name Yes/No which case name the additional Yes/No reserve executors persons below (max3) below (max 4) Will you require BTWC Professional Executor Yes/No To act Solely/Jointly/Reserves? Services? Where possible after each name give relationship to each testator e.g. T1 brother, T2 brother in law Executor 2: Full Name: Relationship T1 Address: Relationship T2 Executor 3: Full Name: Relationship T1 Address: Relationship T2 Executor 4: Full Name: Relationship T1 Address: Relationship T2 Reserve Executor: Full Name: Relationship T1 Address: Relationship T2 Have your Executors made their Wills? Yes/No SECTION 3: CHILDREN Relationship to Relationship to Name children of BOTH testators first testator second testator Full Date of Birth: Name: Full Date of Birth: Name: Full Date of Birth: Name: Full Date of Birth: Name: Full Date of Birth: Name: Full Date of Birth: Name: Copyright BTWC Ltd 2017 Private & Confidential P a g e | 4 SECTION 4: GUARDIANS Use this section to name the person or people you would wish to bring up your children in the event of your death whilst they are still minors. It is recommended that at least one of your appointed guardians be appointed an Executor and Trustee of the estate. It is important to obtain the consent of the proposed guardian before making an appointment. Relationship to First Relationship to Testator Second Testator FIRST Guardian Name: Address: SECOND Guardian Name: Address: RESERVE Guardian Name: Address: Have the guardians made their wills? Yes/No Have family income benefit and/or life insurance arrangements been put in place? Yes/No SECTION 5: CHATTELS Chattels are all your items of personal use such as the contents of your home and unless otherwise gifted in your will (section 6) will pass firstly to your spouse or partner and then on their death under their will; or if you are single as part of your general (residuary) estate. Chattels or items of ‘personal use or ornament’ are best given by way of a wish list or ‘Letter of Wishes’. It is recommended that the testator retains the list with the executed will. If this is the testators wish simply tick this box and a suitable clause (non-binding trust) will be included in the will directing the executors to locate the Letter of Wishes Copyright BTWC Ltd 2017 Private & Confidential P a g e | 5 SECTION 6: SPECIFIC GIFTS Use this section for personal gifts such as jewellery and identify items as carefully as possible e.g. my gold ring set with five diamonds. Please state if the gift is to take effect on the death of the first or second testator. If the gift is required for use by the survivor then the gift should be made on second death. If necessary please use a continuation sheet. From FIRST Testator Give only after Name of beneficiary & relationship to testator: Yes/No 2nd death: Details of gift or legacy: Give only after Name of beneficiary & relationship to testator: Yes/No 2nd death: Details of gift or legacy: Give only after Name of beneficiary & relationship to testator: Yes/No 2nd death: Details of gift or legacy: Give only after Name of beneficiary & relationship to testator: Yes/No 2nd death: Details of gift or legacy: From SECOND Testator Give only after Name of beneficiary & relationship to testator: Yes/No 2nd death: Details of gift or legacy: Give only after Name of beneficiary & relationship to testator: Yes/No 2nd death: Details of gift or legacy: Give only after Name of beneficiary & relationship to testator: Yes/No 2nd death: Details of gift or legacy: Give only after Name of beneficiary & relationship to testator: Yes/No 2nd death: Details of gift or legacy: Copyright BTWC Ltd 2017 Private & Confidential P a g e | 6 SECTION 7: GIFTS OF MONEY (Pecuniary Legacies) Use this section to make gifts of money to family, friend and charities. As with a specific legacy (section 6) the gift is usually best given on first death but where the gift is only to be paid ONCE on the death of the survivor then tick the box. If a gift is to be made to a charity, please provided exact name, address and charity number. From FIRST testator Name of beneficiary and relationship or charity name Give only on 2nd Yes/No & number: death: Amount in figures and words: Name of beneficiary and relationship or charity name Give only on 2nd Yes/No & number: death: Amount in figures and words: Name of beneficiary and relationship or charity name Give only on 2nd Yes/No & number: death: Amount in figures and words: Name of beneficiary and relationship or charity name Give only on 2nd Yes/No & number: death: Amount in figures and words: From SECOND testator Name of beneficiary and relationship or charity name Give only on 2nd Yes/No & number: death: Amount in figures and words: Name of beneficiary and relationship or charity name Give only on 2nd Yes/No & number: death: Amount in figures and words: Name of beneficiary and relationship or charity name Give only on 2nd Yes/No & number: death: Amount in figures and words: Name of beneficiary and relationship or charity name Give only on 2nd Yes/No & number: death: Amount in figures and words: Continue on a separate sheet if necessary or list below further information in relation to the gifts Do the testator(s) wish to include a trust or trusts as part of their estate planning needs? If Yes, go to Section 12 page 11 Copyright BTWC Ltd 2017 Private & Confidential P a g e | 7 SECTION 8: GIFT OF AN ANIMAL Type of animal? Animal to go to a PERSON: Name Animal to go to a CHARITY: Name Address (if a charity please include a charity number) Gift to take effect only on second death? Yes/No Do you wish to leave a legacy for the upkeep If Yes, state amount Yes/No and maintenance of the animal? in words & figures SECTION 9: GIFTS OF RESIDUE The residue is everything left in your estate after and debts and any legacies have been paid.
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