Course description
Trusts are a valuable tool in private client work but managing them after the client’s death can be problematic, whether they were prepared on death or inter vivos. To avoid complications, it is vital that you advise your clients thoroughly on the tax liabilities and advantages of each trust before setting them up.
Helen Forster presents this live and interactive broadcast which builds on your assumed working knowledge of trusts to address the trickier issues which, if not dealt with properly, can result in negligence claims against your firm. In particular, it will cover the duties and obligations of trustees, including the new registration of trusts regime.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Trusts can be a valuable tool for planning purposes in private client work; however, whilst many practitioners have prepared trusts either inter vivos or on death, management of these moving forward can be problematic, and clients should always be advised fully of the tax liabilities and advantages of each trust before proceeding with setting these up.
In addition, trustees must be informed of their duties and obligations, including the new registration of trusts regime that has come into force; a failure to advise clients properly can result in negligence claims against your firm.
This new virtual classroom seminar assumes a working knowledge of trusts and estates and is ideal for those looking to expand their knowledge or requiring a refresher on the key issues.
What You Will Learn
This live and interactive session will cover the following:
- The types of trust - inter vivos or on death
- Capital gains tax, income tax and relevant property rules
- The new trust registration system
- Winding up a trust (or in part)
- The benefits of trusts - care fees, inheritance, and family protection
- Dangers - POATS, settlor interested trusts and GROBS
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...