Gifting Before Death - Red Flags for Private Client Professionals

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

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.