Troublesome Trusts in Scotland - Problems & Practical Solutions for Private Client Professionals

Introduction

Most trustees and their advisors are quite comfortable with the administration and management of their trusts while everything is ticking along nicely. But what happens when things go wrong?

This new virtual classroom seminar will look at some of the problems that trustees can encounter, how to avoid the ones they can and how to fix the ones they cannot.

The session will look at various complications which trustees can face when managing their trusts.

Some experience of general trust administration will be assumed, and the session is aimed at solicitors and accountants working with trusts, although others involved in trust administration might also find it useful.

What You Will Learn

This live and interactive session will cover the following:

• Trustees’ powers and obligations
• The dangers of poor drafting
• The effects of making additions to trusts
• How to deal with dead, missing or incapax trustees
• What happens when a trust fails
• Managing chargeable events gains within a trust
• The effect of LBTT and ADS
• Foreign considerations

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.