Gill Steel is a solicitor who has operated in the field of legal training and consulting for over 20 years and has more than 30 years specialist experience in Wills, Probate, Trusts Tax and Elderly Client issues. Gill provides off-the-shelf or bespoke training for organisations and professional bodies.
Backed by her own experiences in and working with Private Client Departments, Gill identifies with the everyday challenges that professionals face, enabling her to provide learning and development opportunities that inspire them to develop the expertise they need to deliver services competently to their clients.
Example Subject Areas
Drafting Wills for Disabled Beneficiaries
3 hours – Updating
Aims:
• To equip the busy practitioner with an overview of the tax criteria for different trusts to benefit disabled beneficiaries
• To engage participants in applying these rules to typical scenarios
• To consider with participants how best to draft a relevant Will which benefits particular types of disabled beneficiaries
Learning Outcomes – By the end of this session Participants should be able to:
• Appreciate the different requirements of different types of disabled beneficiary
• Approach the drafting of a Will for a testator with a disabled beneficiary with confidence
Agenda:
• Different types of gift & their tax treatment
• Disabled Person’s Interests – s.89 & s.89B (1) (c) IHTA 1984
• Ordinary discretionary trust
• Protective trust – s.33 Trustee Act 1925
• Who needs to benefit and how?
• Impact on Will drafting
• Trust administration considerations
• Discussion examples
Residential Nil Rate Band (RNRB) – its impact on Will drafting, estate administration and estate planning
3 hours – Updating
Aims:
• To challenge participants understanding of the rules for the RNRB and its accompanying downsizing adjustment conditions
• To examine the application of these rules to the drafting of Wills, estate administration and estate planning
Learning Outcomes – By the end of this session Participants should be able to:
• Recognise clients where the RNRB is appropriate
• Ask the right questions of clients to establish the correct application of the RNRB & its downsizing adjustment
• Draft Wills to make the estates of clients eligible for the RNRB or the downsizing adjustment, if required
• Calculate and claim the appropriate reliefs during estate administration
• Discuss the organisation of a client’s assets to maximise the chances of gaining the optimal outcome
Agenda:
• RNRB key definitions & general rules
• RNRB downsizing
• Impact on Will drafting
• Estate administration – calculations and claims
• Estate planning – taking eligibility for RNRB into account
Topical Trust Administration issues
3 hours – Updating
Aim:
• To target recent developments in law, tax & practice affecting trust administration and provide an accessible summary of the key points when administering trusts
Learning Outcomes – By the end of this session Participants should be able to:
• To review their current approach to Trust administration
• Ensure their systems and procedures are up to date
Agenda:
• Revenue reporting requirements
o Trusts register
o Automatic exchange of information
• Investment considerations – policy statements and benchmarks
• Current taxation matters
o IHT – recent changes to the relevant property regime
o Dividends & bank interest
o CGT on property
o SDLT rates on property
• Other developments
• Recent cases