Course description
When advising clients on making gifts before their death, either as a means of planning for the future or to reduce liability to tax, it is vital that you are aware of the risks involved. This is to protect yourself as well as your client as otherwise you may be found to have aided a client’s deliberate deprivation of assets or held to be negligent for inaccurate tax advice.
Caroline Bielanska presents this live and interactive broadcast which assesses the circumstances in which a client may wish to gift assets or to sell them at significant undervalue, considers your responsibility to ensure that clients have capacity, and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Your clients might ask for advice about making gifts before their death, as a means of planning for their future care or to reduce liability to tax.
Red flags include being found to have aided a client's deliberate deprivation of assets or being held to be negligent for inaccurate tax advice.
Presented by Caroline Bielanska, this virtual classroom session will look at the circumstances in which a client wishes to gift assets or to sell them at significant undervalue and consider our responsibilities to ensure that clients have capacity, are not being subject to undue influence and understand the benefits and risks of doing so.
What You Will Learn
This live and interactive session will cover the following:
- Avoiding a conflict of interest
- Avoiding subsequent undue influence claims
- Considering your client’s attributes, needs and circumstances
- Assessing your client's capacity
- Benefits and risks of gifts
- Tax implications
- Impact on the client's will
- Avoiding care fees, deliberate deprivation, and recovery
- Other state support
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...