Course description
Second marriages bring with them an added level of complexity when it comes to tax, trusts and wills. It is important for each person in the marriage, and their respective families, to plan carefully to protect their assets.
Helen Forster presents this live and interactive broadcast that surveys the options available to clients as alternatives to mutual wills which, in this scenario, contain a variety of pitfalls. It will look at the risks of ‘simple’ wills, such as how they can be used to dissipate and distribute assets to the family of a surviving spouse, the types of trusts to consider and when trusts should be put in place.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
With divorce on the rise, the affairs of those who are re-married are getting more complex.
There is a clear need to plan carefully to protect assets for each person in the marriage, and their respective families.
Some practitioners consider the mutual will an answer to this, however there are pitfalls that a client must be aware of before entering into such wills.
‘Simple’ wills are often no longer suitable, as assets could be dissipated or distributed to the family of the surviving spouse.
Practitioners need to be aware of the options available to them, and the impact these can have on inheritance tax.
This new virtual classroom seminar will provide you with a guide as to what to discuss and how to tackle the minefield of second marriages, tax, and trusts.
What You Will Learn
This live and interactive session will cover the following:
- An overview of the problems and issues
- Trusts- what types of trust to consider, and when to put them in place; inter vivos or on death?
- Mutual wills and the downfalls
- Inheritance tax - benefits and problems
- Practical tips and drafting
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...