Trusts Taxation, Registration & Management - A Guide for Private Client Professionals

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

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.