Trusts Drafting - An Introductory Guide for Private Client Professionals

Introduction

Drafting trusts and settlements is considered to be a complex and difficult area of law.

Trusts have many uses and are an option for both lifetime planning and in well drafted wills.

Problems can arise however if the trust is not drafted properly, and this has led to cases where the trust is not actually created, the objectives of the trust may not be met, or beneficiaries have lost out.

Trusts are taxed differently from individuals and full advice and careful drafting should be done at the start to ensure the objectives of the trust are being met.

This introductory level full day course will provide you with a comprehensive overview of trust drafting.

What You Will Learn

This course will cover the following:

• Trust law - the essential knowledge that you need
• The most common types of trust:
• Bare trusts
• Property ownership trusts
• Life interest trusts
• Discretionary trusts
• Personal injury trusts
• Will trusts
• Taxes - what do practitioners and clients need to know?
• Trust drafting - layout, standard clauses to include, and practical tips
• Common drafting errors to look out for
• Amending a trust
• Drafting during the lifetime of a trust
• Case law