This On Demand was originally recorded on 14 August 2024.

The Asset Planning Puzzle: Is Your Trust Still the Best Fit?

It is critical to review clients’ trust structures on a regular basis to ensure they remain fit for purpose in the light of the client’s current circumstances and changes in the law (including tax law).  Key considerations in determining whether a trust is still the best fit for a specific client include the client’s circumstances, the client’s relationships and the client’s risk profile.

This On Demand will examine when a trust will continue to be the best fit for a client, when existing trusts should be restructured, and the tax implications of transferring assets (especially property) to and from trusts, and varying, resettling and winding up trusts.

Purchase the first two sessions from the Trusts Webinar Series and receive the final session of the series for free!

Who should watch?

Those practising in the areas of wills, estates, trusts, and private client work as well as general practitioners and legal executives.

Learning Outcomes

• Update your knowledge of when a trust might or might not be the best fit for a client in the light of recent changes in trust and tax law.
• Understand the circumstances when a client might consider winding up, varying or resettling a trust.
• Develop a better understanding of the potential tax implications of transferring assets (especially property) to and from trusts, varying trusts, resettling trusts and winding up trusts.
• Obtain a deeper appreciation of how a trust fits with a client’s broader asset planning objectives and what other important documents may need reviewing and revising.

Presenter Details

Stephen Tomlinson, Principal, Tomlinson Law

Stephanie Irons, Senior Associate in the Trust Team, Davenports Law

Chair:

Tammy McLeod, Managing Director, Davenports Law