Legacy Planning

Will Writing Instruction Form England & Wales

Applicant 1 & Applicant 2 Names: Your appointment is with (Skipton representative): Appointment date: Location: Who attended the appointment?

Applicant 1 Applicant 2

Any other person:

Important information Please read the Will Writing Guide and the Legal Document & Estate Administration Tariff of Charges (England and Wales) before completing this form. Providing the information on this form does not mean that you have a Will. Skipton Legal Documents Writing Service is provided by Redstone Wills Limited who will draft a Will(s) for you and will use the details that you supply on this form. Please complete the details below as fully as you can as they will provide helpful information and make the process of preparing your Will as straightforward as possible. We will provide information and ask questions to enable you to make your own decision about how you would like your Will to be constructed to direct your Executors in the distribution of your estate. In the event that you require specialist advice you should contact Redstone Wills on 0808 281 1545.

About this instruction form This form can be used if you wish to make a single Will i.e. for you solely, or where you and your spouse/partner each wish to make a Will and have similar requirements. It is important that you are each satisfied that these instructions reflect your individual wishes. If you choose to submit your instructions together you agree that your personal information will be disclosed to each other. Taking instructions jointly is referred to as ‘Mirror’ instructions. However, you will each receive an individual Will which you can each change at any point without reference to each other. If you have separate requirements you should each complete your instructions individually. We do not offer ‘Mutual’ Wills which is where a binding agreement is created on first death and the Will cannot be changed.

Please specify whether these instructions relate to a: Single Will

Mirror Wills

Discretionary Will Trust^

^Select this option only if you wish to leave assets in a Discretionary Will Trust, a Disabled Discretionary Will Trust or Business Property Relief Trust within your Will(s). Please note: a Life Interest can be achieved through standard Single/Mirror Wills. Please state why you wish to make a new Will and the reasons you have chosen this type of Will instruction:

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Section 1: About you 1.1 Your details

To help protect you against fraud, we will require evidence of personal identification (photo-ID such as driving licence, passport, or employee ID card). In addition, if you are a new customer of the Society, both ID and address verification will be required. We will usually use electronic address verification, or, you can provide proof of address e.g. recent utility bills. Please complete using black ink and in block capitals. Applicant 1

Applicant 2

Forename(s):

Forename(s):

Surname:

Surname:

Title: (Mr/Mrs/Ms/Other)

Title: (Mr/Mrs/Ms/Other)

Full postal address:

Full postal address:

Postcode:

Postcode:

Phone^:

Phone^:

Home:

Home:

Work/mobile:

Work/mobile:

Email:

Email:

Date of birth:

Date of birth:

Town and Country of birth:

Town and Country of birth:

Gender: male/female:

Gender: male/female:

Note: ‘Domicile’ means the country you treat as your permanent home even though you may spend extended periods of time in another country/jurisdiction. If your Domicile is not England and Wales you can continue to make a Will here but it will cover your UK assets only. You should also make a Will in the country of your Domicile, only for your assets there (to avoid the potential risk that it revokes this Will); you may be subject to any laws of succession of that jurisdiction. SBS customer number:

SBS customer number:

Please complete so Skipton Trustees Limited and/or Redstone Wills Limited can contact you, if needed, about preparing your Will(s). ^

Marital status

Marital status

Single

Partner

Single

Partner

Married

Engaged

Married

Engaged

Separated

Widowed

Separated

Widowed

Divorced

Civil Partner

Divorced

Civil Partner

2

Additional notes: Note: Where you are married or in a civil partnership and subsequently divorce or cease the civil partnership, your Will is not revoked entirely. However, your former partner is effectively removed from the Will as if they have died. In that event, you should review your Will. If you have made a Will and subsequently marry or enter into a civil partnership, your Will is revoked unless you make provisions within the Will to continue after marriage i.e. ‘in contemplation’ of marriage. Is this Will made in contemplation of marriage/civil partnership? i.e. is it likely to take place in the near future

Yes

No

Yes

Is this Will made in contemplation of marriage/civil partnership? i.e. is it likely to take place in the near future

Name of your intended:

No

Name of your intended:

Date of wedding if known:

1.2 Foreign property/assets (where you are domiciled in England or Wales) Please note that if you are writing a Will under England & Wales law, any property owned by you in Scotland, as well as other jurisdictions, is considered to be a foreign asset. Normally immoveable property will be subject to the inheritance laws of the country in which the property is situated. You should therefore seek legal advice and make a Will in the country where the asset is situated in addition to your English Will. It is important to ensure that whoever prepares your Will knows that you have made more than one Will to ensure that all Wills are taken into account and that no Will is inadvertently revoked by the other. ‘Moveable property’ covers property that can be physically moved, for example, money, shares and personal belongings. Normally moveable property will be covered by your English Will if you select that it covers ‘worldwide’ assets. Applicant 1 Do you have foreign property and/or assets?

Applicant 2 Yes

No

Do you have foreign property and/or assets?

Please provide details i.e. description/value:

Yes

No

Please provide details i.e. description/value:

Is a foreign Will in place?

Yes

No

Is a foreign Will in place?

Yes

No

If no, what assets does this Will instruction apply to?

England & Wales only

Worldwide

If no, what assets does this Will instruction apply to?

England & Wales only

Worldwide

1.3 Principal Place of Residence (your home) Please provide further details on your Principal Place of Residence where you own the property.

If not applicable (i.e. you do not own your home) tick here

Is your Principal Place of Residence the same as your address provided? If not please detail below.

Yes

No

No

Don’t know

Address of Principal Place of Residence:

Is your Principal Place of Residence registered with HM Land Registry?

Yes

If yes, please provide your title number (if known): What is the ownership type of your Principal Place of Residence? (See the Will Writing Guide for an explanation).

Applicant 1 – Sole Owner Applicant 2 – Sole Owner Joint Tenants Tenants in Common: 50/50 Tenants in Common: Other (please state)

Do you require Skipton Trustees Limited to request title documents from HM Land Registry to confirm the ownership type? It is strongly recommended you do so unless you already hold confirmation of the ownership type. A fee of £12 inclusive of VAT applies.

3

Yes

No

1.4 Assets and Liabilities

Please detail all your current assets and liabilities either individually or jointly owned. This is intended to help you consider the value of your net estate and how you wish to distribute it as well as to identify any potential inheritance tax liability. Except for property held as Tenants in Common, in the event assets are held jointly with another person(s), the ownership (and value) will revert automatically to the survivor(s) irrespective of your Will. Assets

Applicant 1

Applicant 2

Joint

Principal Place of Residence

£

£

£

Other Property (E&W)

£

£

£

Current Account(s)

£

£

£

Savings Accounts (‘deposit’)

£

£

£

Cash ISAs

£

£

N/A

Stocks and Shares ISAs

£

£

N/A

Other Investment Bonds

£

£

£

National Savings

£

£

£

Shares

£

£

£

Unit Trusts

£

£

£

Gilts

£

£

£

Any other

£

£

£

Pension Fund(s) estimated value:

£

£

N/A

Life Policies (include endowment policies and Death in Service):

£

£

£

Business Assets:

Shares in unlisted company

£

£

£

Going concern (sole trader)

£

£

£

Other

£

£

£

Vehicles

£

£

£

Jewellery

£

£

£

Home contents

£

£

£

Other items

£

£

£

Property: Savings:

Investments:

Other Assets:

Assets held with any other person, please describe:

£ (value of your share) £ (value of your share) N/A

Foreign assets:

£

£

£

Total assets (held on your own and your share of assets held jointly):

£

£

N/A

Liabilities

Applicant 1

Applicant 2

Joint

Residential

£

£

£

Buy to Let

£

£

£

Credit Cards

£

£

£

Loans

£

£

£

Overdraft

£

£

£

Hire Purchase

£

£

£

Other debts Total Liabilities (held on your own and your share of liabilities held jointly):

£ £

£ £

£ N/A

Estimated Net Estate (Assets less Liabilities):

£

£

N/A

Mortgages: Unsecured:

Note: Distribution of Pension funds, life policies in trust or Death In Service (DIS) benefits may be at the discretion of trustees which may take into account any expression of wishes you have made. This may take precedence over your Will and may fall outside your estate for IHT purposes. You should contact the provider to ensure your expression of wishes is up to date and are recommended to seek advice about potential IHT liability where your estate exceeds your Nil Rate Band (including any transferable NRB).

Note: Your tax treatment will depend on your individual circumstances and may be subject to change in future.

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1.5: Existing Trusts of which you are beneficiary Applicant 1 Are you the beneficiary of an existing Trust?

Applicant 2 Yes

No

Are you the beneficiary of an existing Trust?

Please provide details:

Yes

No

Please provide details:

Section 2: Appointing Executor(s) Please indicate who you wish to appoint as your Executor(s). For more information on the duties of an Executor, please see our Will Writing Guide. Probate can be very complex and time consuming, so you might prefer to appoint an expert unless you are confident that your choice of Executor(s) has the time and capability. Skipton Trustees Limited can offer a specialised and unbiased service by acting as your Executor. A fee will apply for this service at the time. Please see our Tariff of Charges.

2.1 Executor(s) Applicant 1

Applicant 2

Skipton Trustees Limited Solely

Skipton Trustees Limited Solely

Skipton Trustees Limited and Applicant 2 jointly

Skipton Trustees Limited and Applicant 1 jointly

Skipton Trustees Limited and Other (please provide details below) – jointly

Skipton Trustees Limited and Other (please provide details below) – jointly

Applicant 2 Solely

Applicant 1 Solely

Applicant 2 and Other (please provide details below)

Applicant 1 and Other (please provide details below)

Other (please provide details below)

Other (please provide details below)

Note: if you appoint more than one Executor they must act jointly.

Executor details Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

5

Same as Applicant 1

2.2 Substitute Executor(s) You may wish to appoint a second level of Executor(s) in your Will to substitute those above if they are unable or unwilling to act as your Executor. Please indicate below who you would like to act as your substitute Executor(s). Applicant 1

Applicant 2

Skipton Trustees Limited Solely

Skipton Trustees Limited Solely

Skipton Trustees Limited and Applicant 2 jointly

Skipton Trustees Limited and Applicant 1 jointly

Skipton Trustees Limited and Other

Skipton Trustees Limited and Other

Applicant 2 Solely

Applicant 1 Solely

Applicant 2 and Other (please provide details below)

Applicant 1 and Other (please provide details below)

Other (please provide details below)

Other (please provide details below)

Other Executors Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Please provide comments on your reasons for selecting your Executor(s)/substitute Executor(s) and if possible or applicable, why these have been chosen over others:

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Section 3: Children and Guardians 3.1 Your children

Please provide details of any children (natural, that you have adopted and step-children) who are under 18 and whether they are children of Applicant 1, Applicant 2 or both. Note: Any bequests you wish to make for any children who you may have given up for adoption should be recorded in Section 7. Child’s full name

Address

Date of birth Relationship to you Applicant 1 Applicant 2 Both

3.2 Guardians

Where you have children who are under 18 years of age you should consider appointing Guardians to look after them in the event of your (and your spouse/civil partner or anyone else who might have parental responsibility) death. Please detail your preferred Guardian(s) below. You should consider your choice carefully to ensure they are able and willing to act as Guardians.

First Guardian Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Joint Guardian (if required) Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

7

Same as Applicant 1



3.3 Substitute Guardians You may wish to appoint a substitute Guardian should your first choice be unable or unwilling to be Guardian of your children. Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Please provide comments on your reasons for choice of guardian(s):

Section 4: Discretionary Will Trusts (DWT) 4.1 General Discretionary Will Trust

A Discretionary Will Trust allows you to leave an inheritance for the potential benefit of a number of people you select (there must be more than one beneficiary), giving the flexibility to allow the income and capital to be distributed by your Trustees in the manner they see fit. This may be useful if you are unsure which persons from your chosen beneficiaries should receive all, or any, of their inheritance. Your Trustees will have the discretion to determine which of the potential beneficiaries will receive funds from the Trust and how long the Trust should remain in force. You may leave a letter of wishes to assist your Trustees with making decisions regarding the time and manner of distribution although this is not legally binding. You can put your whole estate into this Trust however, depending on the amount involved this may incur adverse tax consequences. If you limit your Trust to your available Inheritance Tax nil rate band (NRB) allowance, this will generally simplify the taxation of the Trust. Your Trustees may require specialist tax advice. Tax treatment will depend on the individual circumstances and may change in future.

Disabled Discretionary Will Trust A Disabled Discretionary Will Trust allows you to pass assets to a Trust and the Trustees manage the funds for the benefit of a disabled person, such as making sure bills are paid, and that they have spending money from the trust for clothes, food etc. As the assets in Trust will not be assessed as forming part of the disabled beneficiary’s own estate during their lifetime, the discretionary trust arrangement has the advantage that the trust funds should not affect the beneficiary’s entitlement to means-tested benefits (based on the current conditions which may be subject to change in future). Applicant 1 Is a DWT required?

Applicant 2 Yes

No

Is a DWT required?

Yes

No

1st death

2nd death

Please provide your comments why you have selected to create a Discretionary Will Trust:

On whose death is the DWT to take effect?

1st death

2nd death

On whose death is the DWT to take effect?

Note: References to creating a DWT on 2nd death means that you intend your spouse/partner to inherit in the first instance and that you require that the DWT is created on the death of the surviving spouse/partner. This will therefore be determined by the survivor’s Will as you can each change your Will at any point.

8

Applicant 1

Applicant 2

Is the DWT limited to the NRB?

Yes

No

Is the DWT limited to the NRB?

Yes

No

Is one of the Beneficiaries disabled?

Yes

No

Is one of the Beneficiaries disabled?

Yes

No

Please detail below the beneficiaries of your Discretionary Will Trust. Applicant 2 and Other (please detail below)

Applicant 1 and Other (please detail below)

Children/Grandchildren

Children/Grandchildren

Other (please detail below)

Other (please detail below)

DWT Beneficiary 1 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

DWT Beneficiary 2 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

DWT Beneficiary 3 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

9

Same as Applicant 1



4.2 DWT Trustees If you will be creating a Trust on your death you will need to appoint the Trustees who have the time and capability to manage the trust on your behalf. As Skipton Trustees Limited is a trust corporation it can act solely on your behalf. If you are not appointing Skipton Trustees Limited you will need to appoint between 2 and 4 Trustees. Applicant 1

Applicant 2

Same as Executor(s)

Same as Executor(s)

Skipton Trustees Limited

Skipton Trustees Limited

Other (provide details below)

Other (provide details below)

Other DWT Trustee 1 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Other DWT Trustee 2 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Other DWT Trustee 3 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Other DWT Trustee 4 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Please note that charges at the prevailing rate may apply on death for the Trust to be created as part of your estate administration.

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Section 5: Gift of Property – Life Interest Trust

A Life Interest Trust allows someone of your choosing known as the Life Tenant to remain living in a share of a property and enjoy the benefits of the property without actually inheriting it. The Life Tenant is responsible for upkeep of the property unless you state otherwise. On the death of the Life Tenant you can choose who inherits the property. The inheritance can also be triggered by remarriage, a certain age or time limit. A Life Interest Trust can therefore be used to ensure your intended beneficiaries receive your property whilst allowing someone else to benefit from its use in their lifetime. If you provide a Life Interest in a property, you need to consider the treatment of furniture/contents. For example, if you gift your entire residue to another person this would include the contents. When granting a Life Interest you may need to change your property ownership from joint tenants to tenants in common, please see Section 6. If you do not require a Life Interest Trust you can gift a property in Section 7 of this application or leave it as part of your remaining estate in Section 8.

5.1 Life Interest Trust Applicant 1 Is a Life Interest Trust required?

Applicant 2 Yes

No

Is a Life Interest Trust required?

Yes

No

Please provide your comments why you have selected to create a Life Interest:

Please choose how you would like to create a Life Interest Trust: Right to occupy the property and right to any income generated by the property Right to occupy the property only

5.2 Life Tenant Please complete the details of your Life Tenant: Applicant 1 and Applicant 2 as Life Tenants in each other’s Will

Other Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Will the Life Tenant be allowed to move or sell the property? Applicant 1

Yes

Applicant 2

No

11

Yes

No

Normally, the life interest ends when the person receiving it dies; however provision can be made in a Will for it to end at an earlier point, for example if the person re-marries. Please specify when the Life Interest should end: Death of Life Tenant

Death of Life Tenant

Re-marriage

Re-marriage

Other (please specify below)

Other (please specify below)

5.3 Beneficiaries at the end of the Life Tenancy Please complete the details of the beneficiary/ies of the property on the death or ceasing of the Life Tenancy: Applicant 1

Applicant 2

Equally between my children (natural and adopted, if applicable)

Equally between my children (natural and adopted, if applicable)

Unequally between my children

Unequally between my children

Other

Other

If you do not wish your children to receive equal shares, or have other beneficiaries (e.g. step-children or other family member) please provide details and the % share you wish each to receive: Name

Relationship to you Share %

Name

Relationship to you Share %

Should a child/children or other beneficiary pass away before you, is their share to pass to: Your surviving children

Your surviving children

Their children

Their children

Other (detail below)

Other (detail below)

Please provide details of any reserve Life Interest beneficiaries other than your children/their children:

Reserve Life Interest Beneficiary 1 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

% Share:

% Share:

12

Same as Applicant 1

Reserve Life Interest Beneficiary 2 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

% Share:

% Share:

Same as Applicant 1

Note: Should the Life Tenancy end before the beneficiaries attain age 18, the property will remain in Trust until that time unless you specify below that they should inherit at another age. Are there any other particular requirements you wish to note when the Life Tenancy ceases? Applicant 1

Applicant 2

5.4 Life Interest Trustees If you will be creating a Trust on your death you will need to appoint the Trustees who have the time and capability to manage the Trust on your behalf. As Skipton Trustees Limited is a trust corporation it can act solely on your behalf. If you are not appointing Skipton Trustees Limited you will need to appoint between 2 and 4 trustees. Applicant 1

Applicant 2

Same as Executor(s)

Same as Executor(s)

Skipton Trustees Limited

Skipton Trustees Limited

Other (provide details below)

Other (provide details below)

Other Life Interest Trustee 1 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Other Life Interest Trustee 2 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

13

Same as Applicant 1

Same as Applicant 1

Other Life Interest Trustee 3 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Other Life Interest Trustee 4 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Same as Applicant 1

Same as Applicant 1

Please note that charges at the prevailing rate may apply on death for the Trust to be created as part of your estate administration.

Section 6: Changing ownership of property – Severance of Tenancy Where you own your home in joint names and you wish to pass your share to a beneficiary other than the other joint owner it may be necessary to change the ownership type from ‘Joint Tenants’ to ‘tenants in common’; please see the Will Writing Guide. If your property is held in sole names, but you wish to change it into joint names (tenants in common) please select from the options below: Do you wish to change the joint ownership of your Principal Place of Residence to tenants-incommon? (Severance of Tenancy)

Yes

No

Do you wish to change the ownership of your Principal Place of Residence from sole to joint names as tenants in common? (Transfer of Property)

Yes

No

Do you wish to arrange First Registration with the Land Registry? (Transfer of Unregistered Property)

Yes

No

For the Transfer of Property changing from sole to joint names Land Registry fees will apply at the prevailing rate; if your property is not registered at the Land Registry additional fees will apply. If Severance of Tenancy is required for a property that is not your main residence then please provide full details in the Additional Information section.

Section 7: Gifts

7.1 Gifts (including property) Complete this section if you wish to leave someone a ‘specific’ legacy such as an item of jewellery or a ‘pecuniary legacy’ such as a sum of money. You should take care when setting out how you wish to distribute specific assets. For example, if you specify a gift of a particular savings account, the value may change or you may move it to another provider. This may have the result that the intended gift fails. These gifts will be paid in order of priority over distribution of the residue of your estate. Note: if the estate is not sufficient to meet these legacies in full, they may be ‘abated’ i.e. reduced proportionately. Should any beneficiary pre-decease you, the gift will ‘fail’ (it will fall back into your residue estate unless you specify otherwise).

14

Any gifts made to a beneficiary who is under 18 may be held by the Trustees until the beneficiary attains age 18. Other small personal items such as a memento can be dealt with through a ‘Letter of Wishes’, see 7.2. Note: Where the gift takes effect on 2nd Death, this means you intend your spouse/partner to inherit the item in the first instance and that the gift will take effect on the death of the surviving spouse/partner. This will therefore be determined by the survivor’s Will as you can each change your Will at any point.

Gift 1

Applicant 1

Applicant 2

Description of gift:

Description of gift:

Amount (£) if applicable:

Amount (£) if applicable:

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

On whose death is the gift to take effect?

1st death

2nd death

On whose death is the gift to take effect?

Gift 2

Applicant 1

Applicant 2

Description of gift:

Description of gift:

Amount (£) if applicable:

Amount (£) if applicable:

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

On whose death is the gift to take effect?

1st death

2nd death

On whose death is the gift to take effect?

Gift 3

Applicant 1

Applicant 2

Description of gift:

Description of gift:

Amount (£) if applicable:

Amount (£) if applicable:

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

On whose death is the gift to take effect?

1st death

2nd death

On whose death is the gift to take effect?

15

1st death

2nd death

1st death

2nd death

1st death

2nd death

7.2 Personal and household items Small personal and household items such as a memento can be left to someone of your choosing in what is called a ‘letter of wishes’ which is referred to within and accompanies your Will. A ‘letter of wishes’ is not legally binding but is helpful to guide your executors when distributing personal items. If you would like a letter of wishes please complete this section. A letter of wishes can be made and stored at any time with your Will. Applicant 1

Applicant 2

Do you wish to give personal items to be distributed by your Executor according to a list you will prepare?

Yes

No

Do you wish to give personal items to be distributed by your Executor according to a list you will prepare?

Yes

No

On whose death is the gift to take effect?

1st death

2nd death

On whose death is the gift to take effect?

1st death

2nd death

Yes

No

1st death

2nd death

7.3 Gifts to charity Applicant 1 Do you wish to make a gift to charity?

Applicant 2 Yes

No

Do you wish to make a gift to charity?

Charity gift 1 Charity name:

Charity name:

Charity number:

Charity number:

Full address:

Full address:

Amount:

Amount:

On whose death is the gift to take effect?

1st death

2nd death

On whose death is the gift to take effect?

Please give reasons why this charity has been chosen:

Please give reasons why this charity has been chosen:

Charity gift 2 Charity name:

Charity name:

Charity number:

Charity number:

Full address:

Full address:

Amount:

Amount:

On whose death is the gift to take effect?

1st death

2nd death

On whose death is the gift to take effect?

Please give reasons why this charity has been chosen:

1st death

2nd death

Please give reasons why this charity has been chosen:

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7.4 Business Gifts A Discretionary Will Trust can be utilised in order to maintain Business Property Relief (BPR) and therefore may provide inheritance tax advantages for future generations. This type of Trust will only allow assets which qualify for 100% BPR. If the surviving spouse decides to sell the business within 2 years of the first death then they lose the relief. However, if a Discretionary Trust is created the business assets pass to the Trust and may still qualify for the 100% relief. The business can then be sold and funds held in trust until required. If you would like more information on the BPR Discretionary Trust before proceeding please tick here and a member of our legal team at Redstone Wills Limited will contact you Note: We cannot advise on business tax issues and whether your business meets the HMRC criteria for BPR. Applicant 1 Is a Business Gift required?

Applicant 2 Yes

No

Is a Business Gift required?

Yes

No

Does the business have a Partnership/Shareholders Agreement in place?

Yes

No

Does your business meet the criteria for 100% BPR?

Yes

No

Type of business:

Sole Trader

Partnership

Limited Company

Who owns the business?

Applicant 1

Applicant 2

Jointly owned

Business Trust

Absolute Gift

How would you like to gift your business? Name of business:

Company Registration Number:

Beneficiary 1 Full name: Full address:

Relationship to you:

Beneficiary 2 Full name: Full address:

Relationship to you:

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7.5 Business Trust – Trustees As you will be creating a Trust on your death you will need to appoint the Trustees who will manage the Trust on your behalf. As Skipton Trustees Limited is a trust corporation it can act solely on your behalf. If you are not appointing Skipton Trustees Limited you will need to appoint 2-4 trustees. Same as Executor(s) Skipton Trustees Limited Other (provide details)

Trustee 1

Trustee 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Trustee 3

Trustee 4

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

Section 8: Residue

This section details how you would like your remaining Estate to be distributed once other gifts have been made. Applicant 1 Is your spouse/partner to inherit residue in the first instance?

Applicant 2 Yes

No

Is your spouse/partner to inherit residue in the first instance?

Yes

No

Name of spouse/partner (if not named as Applicant 2)

Name of spouse/partner (if not named as Applicant 1)

Should your residue then pass to your children and any future children?

Yes

No

Should your residue then pass to your children and any future children?

Yes

No

Age for Children to inherit

Age

N/A

Age for Children to inherit

Age

N/A

Any inheritance to a beneficiary who is under 18 may be held by the Trustees until the beneficiary attains age 18, or older age that you specify (typically between 18 - 25).

Any inheritance to a beneficiary who is under 18 may be held by the Trustees until the beneficiary attains age 18, or older age that you specify (typically between 18 - 25).

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Note: Where you wish your estate to pass to your children in equal shares, they will not be named individually in the Will. This will therefore mean the estate will be distributed to all children living at the date of your death. However, if you wish your children to receive unequal shares, or you wish to specify by name then please ensure you complete the following section(s). Do you wish your children to receive equal shares of your Estate?

Yes

No

Do you wish your children to receive equal shares of your Estate?

Yes

No

If you do not wish them to receive equal shares or wish to name them in your Will, please state the % share you wish them to receive: Child’s name

Share %

Child’s name

Share %

Should a child/children pass away before you, is their share to pass to: Your surviving children

Your surviving children

Their children

Their children

Other (detail in Reserve Beneficiaries)

Other (detail in Reserve Beneficiaries)

Please detail other, or additional, beneficiaries of your Estate residue:

Beneficiary 1 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

% Share:

% Share:

Same as Applicant 1

Beneficiary 2 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

% Share:

% Share:

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Same as Applicant 1

Beneficiary 3 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

% Share:

% Share:

Same as Applicant 1

It is advisable to have reserve beneficiaries in case the above fails e.g. if one of the named beneficiaries pre-deceases you. Please detail your reserve beneficiaries. If you do not appoint any reserve beneficiaries then their share will be distributed between any remaining beneficiaries.

Reserve Beneficiary 1 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

% Share:

% Share:

Same as Applicant 1

Reserve Beneficiary 2 Applicant 1

Applicant 2

Full name:

Full name:

Full address:

Full address:

Relationship to you:

Relationship to you:

% Share:

% Share:

Same as Applicant 1

Section 9: Exclusions

If you are specifically excluding a family member or dependent (financially or otherwise) please complete this section. Applicant 1 Specific Exclusion required? Name of Person(s) to be Excluded?

Applicant 2 Yes

No

Specific Exclusion required?

Relationship to you

Name of Person(s) to be Excluded?

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Same as Applicant 1 Yes

No

Relationship to you

We recommend that you prepare a separate letter to be stored with your Will detailing the reason why you have made the exclusion(s) and the reason why you have chosen to distribute your estate in the manner you have. We understand that sometimes the reasons for excluding a family member or dependent are private, however it may help against any future claims on your estate if you detail the reason why you have excluded the above person(s) below:

Section 10: Funeral wishes Applicant 1 Have you put in place a provision for your funeral such as a funeral plan?

Applicant 2 Yes

No

Have you put in place a provision for your funeral such as a funeral plan?

Funeral Plan provider:

Yes

No

Funeral Plan provider:

If you have a funeral plan in place please make sure the following details match your wishes in your funeral plan. Do you wish your body to be:

Buried

Do you wish your body to be:

Buried

Cremated

Cremated

No preference

No preference

If you have any special instructions for your funeral, you can detail these in a separate note which should be kept with your Will or shared with your loved ones.

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Section 11: Additional Information If there is any additional information you would like to include which you believe may be relevant to your Will please detail below. For example, if you require severance of tenancy for a property other than your Principal Place of Residence, requirements for pets etc.

Section 12: Storing your Will If anything happens to your Will, or if your Executor(s) doesn’t know where to find it, you might as well not have written one. You need to decide how to look after your Will, then let your Executors know where it is. We can assist you in storing your Will with our Legal Document Care Plan which includes secure storage of your Will and free Will updates as just some of the benefits. Please speak to a branch member about our Legal Document Care Plan.

Section 13: Method of Payment Please tick your preferred payment method. Redstone Wills Limited administer the payment on behalf of Skipton Trustees Limited. By Cheque – please make your cheque payable to Redstone Wills Limited and hand in to your Skipton adviser. By Credit/Debit card – payment by telephone directly to Redstone Wills Limited will be arranged in branch.

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Section 14: Customer Agreement It is important that before you sign you read through your requirements above and that you believe they correctly represent your intentions. This forms part of the record that shows the reasons why you have made the decisions you have, should anyone wish to challenge your Will and if not correct, will affect the terms of the Will, which may not be as you want. By signing the Customer Agreement you are confirming that the information given in this instruction form is true and complete and correctly represents your wishes. You are over the age of 18 and have capacity as defined in the Mental Capacity Act 2005.

I understand that: • Skipton Will Writing Service is administered by Redstone Wills Limited on behalf of Skipton Trustees Limited. Redstone Wills Limited are members of The Society of Will Writers.

• The information requested in this form is required for the purpose of preparing my Will and to ensure that the Will reflects my wishes.

• The information is being used by Skipton Trustees Limited, who through Skipton Will Writing Service, are responsible for preparing this Will.

• I may be contacted to confirm my instructions. • Where applicable Skipton Trustees Limited will charge for its services for acting as Executor or Trustee after my death in accordance with its scale of fees applicable at that time.

• I certify that the information given in this form is true, complete and correctly represents my wishes.

Please note:

• An additional charge will arise after your Will has been prepared, should you make any alterations to your wishes that

necessitates re-drafting your Will. Therefore please check carefully that this form does reflect your wishes and nothing has been left out.

• Skipton Trustees Limited reserve the right to make an additional charge if the nature of your instructions are such that time over and above what would be considered to be reasonable time for preparing a Will, is expended in completing your Will. You will be advised of the estimated additional charge before any work is undertaken.

• Your details are held by Skipton Trustees Limited, Skipton Building Society and Redstone Wills Limited as joint data controllers. Your details may be passed to our agents or third party administrators.

• You have the right of access to your personal records held on Skipton Trustees Limited’s and Skipton Building Society’s files by written request to The Compliance Officer, Skipton Building Society, The Bailey, Skipton, North Yorkshire BD23 1DN and The Compliance Officer, Redstone Wills Limited, Windmill Road, St Leonards on Sea TN38 9BY.

• An administration fee may be payable when requesting information relating to your personal records. Applicant 1

Applicant 2

Signature:

Signature:

Date:

Date:

Skipton Building Society is a member of the Building Societies Association and Financial Ombudsman Service. Principal Office, The Bailey, Skipton, North Yorkshire BD23 1DN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority under registration number 153706 for accepting deposits, advising on and arranging mortgages and insurance. *To help maintain service and quality, some telephone calls may be recorded and monitored. Skipton Will Writing Service is provided by Skipton Trustees Limited. Registered office: The Bailey, Skipton, North Yorkshire BD23 1DN. Registered in England no. 6258324. Skipton Will Writing Service is administered by Redstone Wills Limited, Windmill Road, St Leonards-on-Sea, East Sussex TN38 9BY. Company no. 3673190. Skipton Estate and Trust Administration Service is administered by Pearson Jones PLC (trading as “1825”), which is part of the Standard Life group (Standard Life and its subsidiaries). Pearson Jones (01447544) is registered in England at 30 St Mary Axe, London EC3A 8BF. Skipton Building Society are members of the Society of Will Writers. Redstone Wills are members of The Society Of Will Writers And Estate Planning Practitioners and abides by their code of practice, copies can be found on the Society Of Will Writers website or by writing to them at Chancery House, Whisby Way, Lincoln LN6 3LQ. Stock Code: 306039_12/04/16

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