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
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.