The Complete Guide to the Life Cycle of a Trust

Date: 23/01/23 | Book now – click here

We all know the reasons as for why we advise clients to set up trusts be that in their wills or in lifetime, maybe its bloodline planning, asset protection, or taxation (usually IHT). We will also know that different trusts can serve different purposes dependent upon the client’s circumstances, needs and objectives.

We talk about the use of Trusts as a means of protection for your clients and their families, but how does a Trust ensure that the assets are utilised for the chosen beneficiaries? Are you clear on the possible implications in relation to divorce and long-term care if Trustees (and Beneficiaries) disclose trust assets and information to third parties?

What do Trustees need to do to ensure that the wishes of the Settlor are followed? What do they need to be aware of when considering how best to achieve the aims in the Memorandum of Wishes? Do they know how best to anticipate and manage the needs of the beneficiaries across the lifetime of the Trust, which could be up to 125 years (in England & Wales).

What can go wrong if Trustees don’t understand their legal obligations?

This course will explore these issues.

This article was submitted to be published by CTT Group as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.