Choosing the Right Will Trust for Your Client - The Pros & Cons Explored

Introduction

This new virtual classroom seminar will drill down and explore the more common will trusts to ensure that the right one is selected for your client’s situation.

Different trusts have different effects in terms of protection and taxation depending on the relationship between the testator and the beneficiaries

The session will look at how to decide the best type of trust for your client and in particular the pros, cons and administrative workability of the FLIT (Flexible Life Interest Trust).

It will expand upon your already basic knowledge of trusts and their tax treatment thus giving you a broader knowledge base to advise clients more effectively.

What You Will Learn

This live and interactive session will cover the following:

• How to advise clients on the appropriate trust for their circumstances
• Considerations for each type of trust
• Effectively draft a will which includes a:
• Full discretionary trust
• Life interest trust
• Right of occupation (right to reside) trust
• FLIT (flexible life interest trust)
• What a pilot trust is and when it may be useful

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.