Estate Planning & Will Drafting - Reducing Tax & Asset Protection

Introduction

Estate planning is essential before a will is prepared.

It is important to understand the whole picture including the family tree, family dynamics and relationships, and wishes and feelings, along with the assets and liabilities of an individual before the estate plan or will can be drawn up.

This information provides for value added estate planning to be considered for the future.

The most appropriate will can be prepared to meet wishes, look to reduce tax and provide asset protection when appropriate.

Practitioners should be mindful of any vulnerabilities of the testator, capacity issues and undue influence, to protect both the testator and the practitioner from claims against the estate and/or challenges to the will.

What You Will Learn

This short webinar will cover the following:

• Estate planning questions to ask and options to reduce tax
• Different will options
• Benefits of life interest trusts and discretionary trusts in wills
• Does the nil rate band discretionary trust will still have a role to play?
• Protecting practitioners against claims

This webinar was recorded on 6th November 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.