Remotely run across 1 session
‘Living with a trust’ from drafting to inheriting, and what it means to inherit via a Trust for you and your clients…
We talk about the use of Trusts as a means of protection for your clients and their families, but how does a Trust ensure that the assets are utilised for the chosen beneficiaries? Are you clear on the possible implications in relation to divorce and long term care if Trustees (and Beneficiaries) disclose trust assets and information to third parties?
What do Trustees need to do to ensure that the wishes of the Settlor are followed? What do they need to be aware of when considering how best to achieve the aims in the Memorandum of Wishes? Do they know how best to anticipate and manage the needs of the beneficiaries across the lifetime of the Trust, which could be up to 125 years (in England & Wales).
What can go wrong if Trustees don’t understand their legal obligations?
Having launched a new software process to arrange and hold Trustee Meetings, join us for a ‘deep dive’ into the importance of Trust Management – and understand what can go wrong if Trustees aren’t aware of the duties they are placed under.
Agenda
The Importance of a Professional Trustee
• Why your clients needs a Professional Trustee – the implications:
– Tax
– Divorce
– Care
• How to appoint Trustees
What’s involved?
• What the Trust Administration process involves
• When and why should Trustee meetings be held
• What happens at a Trustee meeting
• Types of Meeting
– Death of a Settlor
– Sale and/or purchase of properties
– Removal of a restriction
– RNRB
– Family conflict – mediation and resolution
The Practicalities
• The Process using CTT Legacy
• Related services we offer
– Probate
– Property sales & purchases
– Accountancy
• Real Life case studies
• What’s in it for me?
