Three-Dimensional Estate Planning for Business Owners- Part 1
July 10th
Three-Dimensional Estate Planning for Business OwnersEnsure succession of clients’ existing businesses in the most tax-efficient and fair manner, allowing business continuity and family benefit
This is 3-D in that we will look at all of the elements that need to be considered and explain how they fit together, i.e. the need for a cross option, how life insurance should be setup and how the Will should be written to protect the assets, providing tax-efficient opportunities going forward without restricting the enjoyment and use of assets.
The majority of all Cross Option agreements should involve the use of life insurance, trusts and the updating of all of the shareholders wills and you can be the person advising on all of this.
This event therefore provides the tools and knowledge for you to exploit an opportunity for business owners who are already clients of yours as well as enabling you to source for future clients too.
Agenda
Option Agreements / Single / Double
Structuring Shareholders Trusts and the use of multiple trusts – sheltering the shares of the deceased in Trusts as opposed to being held absolutely by the surviving business owners.
Relevant Life Insurance / Key Man Insurance – where do these fit in for Business Protection.
Business Property Relief (the importance of ‘proper’ death planning / traps for the unwary)
Income and Capital Gains Tax efficiency of the trusts for the surviving business owners and the deceased family
Get in contact with us today for further information:
T: 01926 514 390 ext 9170
E: newentrants@ctt-group.co.uk
Booking link here.
Family Investment Companies and the use of Alphabet Shares- Part 2
July 11th
Family Investment Companies are growing in popularity and clients are often motivated by different factors, be that Capital Gains Tax, Income Tax or even Inheritance Tax and passing wealth down through the family.
We will discuss the most common three clients we see in our day to day and provide you with the tools to outline and explain the options available to them.
Additionally, we will discuss the important role that a trust can have in this arrangement, an element often ignored by accountants and protection advisers.
Agenda
- Business Owners with minor children (tax-efficient withdrawals from the company)
- ‘Start-up’ Family Investment Companies
- Established Family Investment Companies
Advanced Planning Series
If you have clients with businesses or have come across clients who have referenced the term ‘Family Investment Company’ (FIC) then this is the event is for you.
This event is delivered over two-parts and talks businesses (both new and existing, both trading and investment) and how FIC’s can be structured to provide maximum tax-efficiency and asset protection.
Book here.
Join us for this FREE Webinar – A spotlight on CGT
July 14th
Join us for this FREE Webinar – A spotlight on CGT, we will look at the many planning opportunities that exist for clients, executors and trustees when they are faced with a potential CGT liability. A valuable session for estate planners, financial advisers and accountants in particular.
- Estate Planning Strategies to reduce/mitigate CGT for clients
- Estate Planning Strategies to reduce/mitigate CGT for executors
- Estate Planning Strategies to reduce/mitigate CGT for Trustees
Book here.
Join us for this FREE Webinar – A spotlight on CGT (Repeated)
July 17th
Join us for this FREE Webinar – A spotlight on CGT, we will look at the many planning opportunities that exist for clients, executors and trustees when they are faced with a potential CGT liability. A valuable session for estate planners, financial advisers and accountants in particular.
- Estate Planning Strategies to reduce/mitigate CGT for clients
- Estate Planning Strategies to reduce/mitigate CGT for executors
- Estate Planning Strategies to reduce/mitigate CGT for Trustees
Book here.
Estate Planning Foundation Course
September 12th
The Estate Planning Foundation Course outlines the use of Discretionary Trusts, Pilot Trusts and Asset Protection Trusts. On completion of this course you can confidently advise, explain and utilise Trusts, enabling you to provide a bespoke Estate Planning service to suit your client’s individual needs.
The course provides a practical introduction to making Lasting Powers of Attorney, identifying the parties involved. Registering Lasting Powers of Attorneys, drafting restrictions and conditions, together with avoiding errors and negligence.
The course will be consolidated across 5 sessions remotely 9:30am – 1pm:
- Tuesday 12th of September
- Wednesday 13th of September
- Thursday 14th of September
- Friday 15th of September
- Tuesday 19th of September
Session 1 – Tuesday 12th of September
- Who are CW and how do we work
- Why you should make a Will
- Intestacy
- What constitutes the client estate
- Roles within the Will
- What are the rules on validity of a Will
- Mental Capacity
- Legacies
- Residue
- Powers in the Will
- Codicils and alterations to a Will
- Ownership of assets
- The problems of basic Wills
- Questions
- Practical Assignment
Session 2 – Wednesday 13th of September
- Threats to wealth
- Trust basics in a language the client understands
- How threats can be mitigated by a Trust
- Information required to draft a Trust
- Types of Trust
- – Trusts for children
- – Discretionary Trusts
- – Life interest or IIP (Interest in Possession Trust)
- Compare Life interest with IIP trust
- Trustees, what do they do and who should the client appoint
- Bloodline planning
- Use of loans
- Care Act 2014
- The Probate Preservation Plus Trust (PPPT)
- NRB and RNRB (the tax free allowance)
- The modified Discretionary Trust
- Some client solutions
- Questions
- Practical Assignment
Session 3: Thursday 14th of September
- Multiple ‘Sibling’ Trusts
- Spousal / Civil Partners IHT exemption
- Married couple solution
- Tax deferral
- Short introduction of how to deal with Business and Agricultural assets in the Will
- Is the Business or Agricultural status important or is flexibility more important
- Life assurance policies and Estate Planning
- Lasting Powers of Attorneys and their importance to your clients
- Document Storage
- Recap on the session
- Practical Assignment
Session 4: Friday 15th of September
Risk
- What are the risks?
- How do we identify these?
- Who are we protecting?
Software
- The process for submitting your first case
- The finance sheet
- How the risks are managed
- Electronic points of sale documents
Session 5: Tuesday 19th of September
- Contracts
- Introduction to BEST foundation
- Tracking orders submitted to CTTC
- Software
- Q&A
Get in Contact with us today for further information:
T: 01926 514 390 ext 9170
E: newentrants@ctt-group.co.uk
Book here.
The Complete Life Cycle of a Trust
September 18th
Remotely run across 1 session
‘Living with a trust’ from drafting to inheriting, and what it means to inherit via a Trust for you and your clients…
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?
Having launched a new software process to arrange and hold Trustee Meetings, join us for a ‘deep dive’ into the importance of Trust Management – and understand what can go wrong if Trustees aren’t aware of the duties they are placed under.
Agenda
The Importance of a Professional Trustee
- Why your clients needs a Professional Trustee – the implications:
– Tax
– Divorce
– Care
- How to appoint Trustees
What’s involved?
- What the Trust Administration process involves
- When and why should Trustee meetings be held
- What happens at a Trustee meeting
- Types of Meeting
– Death of a Settlor
– Sale and/or purchase of properties
– Removal of a restriction
– RNRB
– Family conflict – mediation and resolution
The Practicalities
- The Process using CTT Legacy
- Related services we offer
– Probate
– Property sales & purchases
– Accountancy
- Real Life case studies
- What’s in it for me?
Get in contact with us today for further information:
T: 01926 514 390 ext 9170
E: newentrants@ctt-group.co.uk
Book here.
Will Writer to Estate Planner
Reminder – If you have attended the Foundation Part 2 previously, you are welcome to only attend session 3.
The course will be consolidated across 5 sessions remotely:
Tuesday 3rd of October
Wednesday 4th of October
Thursday 5th of October
9.30am – 1pm approx
Session 1 – The guide to what ‘commons trusts’ do and don’t do for your clients
Covering: Taxation, protection and flexibility
Including: What do you need to know to interpret a trust for your clients?
- Bare/Absolute Trusts
- Declarations of Trust
- Bereaved Minor/Children’s trusts
- 18 – 25 Trusts
- Life Interest Trusts
- Flexible Life Interest Trusts
- Discretionary Trusts
- Interest In Possession Trusts (IIP)
- Immediate Post Death Interest Trusts (IPDI)
- Asset Protection Trusts
- ‘Life office’ Life Insurance Trusts
Session 2 – The Guide to CTT Group’s trusts and how they can provide client solutions like no others
Covering: Different types of trusts
Including: The Taxation, protection and flexibility benefits of:
- The NRB and RNRB Trusts vs
Bereaved Minor/Children’s trusts
18 – 25 Trusts
Life Interest Trusts
Flexible Life Interest Trusts
Discretionary Trusts
Interest In Possession Trusts
Immediate Post Death Interest Trusts
- Family Business Trust vs ‘Discretionary Trust’
- The Family Probate Preservation Plus Trust (PPPT) vs Asset Protection Trusts (APT)
- The Family Investment Probate Trust vs ‘life office’ Probate trusts
- The Family Life Assurance Trust vs ‘life office’ Life Assurance trusts
- The Family Holdover Gift Trust vs Gift trusts
- Trust of Land vs Declaration of Trust
- How and why is a flexible power of appointment IIP trust so essential in estate planning….
- Life Interest vs Defeasible IIP – why the latter is a crucial estate planning tool
Session 3 – How Assets are Placed in Trusts
Covering: how the assets are transferred is as important as the trust itself
Including:
When is a Trust populated?
– Death Trusts
– Lifetime Trusts
How is a Lifetime trust populated?
– Investments and life policies (deed of assignment)
– Evidential Trusts of Land
– Property/Land – title
What happens following a house being placed into Trust?
– What does it mean to the client
– What sort of interaction with the trustees moving forward might be needed?
– How much protection can a trust really give?
How do the conveyancing documents work?
– Where and why might restrictions only be used as opposed to transferring legal title
– What is the difference and does it dilute the effectiveness of the protection of the trust?
– Probate and lifetime trusts – how do they interact?
– Example and worked explanation of completed legal title
What to expect down the line?
– New First Registration process
– Legacy Software changes for input
– New Products including: Sales and purchases for properties with mortgages
Transferring life policies investments and other assets into trust
– ‘Rysaffe’ planning – what does it mean?
– Further Planning opportunities and considerations
Get in contact with us today for further information:
T: 01926 514 390 ext 9170
E: newentrants@ctt-group.co.uk
Book here.
Estate Planning Foundation Course
The course will be consolidated across 5 sessions remotely:
Tuesday 10th of October
Wednesday 11th of October
Thursday 12th of October
Friday the 13th of October
Tuesday 17th of October
9:30am to 1:00pm
The Estate Planning Foundation Course
This course introduces Will Writing and discusses in detail the use of Will-based Trusts. It outlines the use of Discretionary Trusts, Pilot Trusts and Asset Protection Trusts. On completion of this course you can confidently advise, explain and utilise Trusts, enabling you to provide a bespoke Estate Planning service to suit your client’s individual needs.
The course provides a practical introduction to making Lasting Powers of Attorney, identifying the parties involved. Registering Lasting Powers of Attorneys, drafting restrictions and conditions, together with avoiding errors and negligence.
Full Course Information
Session 1 – Tuesday 10th of October
- Who are CW and how do we work
- Why you should make a Will
- Intestacy
- What constitutes the client estate
- Roles within the Will
- What are the rules on validity of a Will
- Mental Capacity
- Legacies
- Residue
- Powers in the Will
- Codicils and alterations to a Will
- Ownership of assets
- The problems of basic Wills
- Questions
- Practical Assignment
Session 2 – Wednesday 11th of October
- Threats to wealth
- Trust basics in a language the client understands
- How threats can be mitigated by a Trust
- Information required to draft a Trust
- Types of Trust
- – Trusts for children
- – Discretionary Trusts
- – Life interest or IIP (Interest in Possession Trust)
- Compare Life interest with IIP trust
- Trustees, what do they do and who should the client appoint
- Bloodline planning
- Use of loans
- Care Act 2014
- The Probate Preservation Plus Trust (PPPT)
- NRB and RNRB (the tax free allowance)
- The modified Discretionary Trust
- Some client solutions
- Questions
- Practical Assignment
Session 3: Thursday 12th of October
- Multiple ‘Sibling’ Trusts
- Spousal / Civil Partners IHT exemption
- Married couple solution
- Tax deferral
- Short introduction of how to deal with Business and Agricultural assets in the Will
- Is the Business or Agricultural status important or is flexibility more important
- Life assurance policies and Estate Planning
- Lasting Powers of Attorneys and their importance to your clients
- Document Storage
- Recap on the session
- Practical Assignment
Session 4: Friday 13th of October
Risk
– What are the risks?
– How do we identify these?
– Who are we protecting?
Software
– The process for submitting your first case
– The finance sheet
– How the risks are managed
– Electronic Points of sale documents
Session 5: Tuesday 17th of May
- Contracts
- Introduction to BEST Foundation
- Tracking orders submitted to CTTC
- Software
- Q&A
Get in contact with us today for further information:
T: 01926 514 390 ext 9170
E: newentrants@ctt-group.co.uk
Book here.
Probate – The Estate Planner’s Guide to Estate Administration
Topics include:
- Probate – a brief update
- What can go wrong: – Missing reliefs, – Missing allowances ,- RNRB, – Transferable nil rate bands
- What is the value of 50% of a property for probate purposes?
- Claiming the 15% deduction – did you know it even existed?
- Did you know that gifts to/for the benefit of dependent relatives can be IHT free immediately?
- Did you know that if you settle a mortgage from a life policy held in trust, the debt is no longer allowable for IHT purposes?
- And more!
Get in contact with us today for further information:
T: 01926 514 390 ext 9170
E: newentrants@ctt-group.co.uk
Book here.
Estate Planning Foundation Course
The course will be consolidated across 5 sessions remotely:
Tuesday 14th of November
Wednesday 15th of November
Thursday 16th of November
Friday 17th of November
Tuesday 21st of November
9:30am to 1:00pm
Estate Planning Foundation Course
This course introduces Will Writing and discusses in detail the use of Will-based Trusts. It outlines the use of Discretionary Trusts, Pilot Trusts and Asset Protection Trusts. On completion of this course you can confidently advise, explain and utilise Trusts, enabling you to provide a bespoke Estate Planning service to suit your client’s individual needs.
The course provides a practical introduction to making Lasting Powers of Attorney, identifying the parties involved. Registering Lasting Powers of Attorneys, drafting restrictions and conditions, together with avoiding errors and negligence.
Full Course Information
Session 1 – Tuesday 14th November 2023
Commences at 9:30am and finishes at 1:00pm
- Who are CW and how do we work
- Why you should make a Will
- Intestacy
- What constitutes the client estate
- Roles within the Will
- What are the rules on validity of a Will
- Mental Capacity
- Legacies
- Residue
- Powers in the Will
- Codicils and alterations to a Will
- Ownership of assets
- The problems of basic Wills
- Questions
- Practical Assignment
Session 2 – Wednesday 15th November 2023
Commences at 9:30am and finishes at 1:00pm
- Threats to wealth
- Trust basics in a language the client understands
- How threats can be mitigated by a Trust
- Information required to draft a Trust
- Types of Trust
- – Trusts for children
- – Discretionary Trusts
- – Life interest or IIP (Interest in Possession Trust)
- Compare Life interest with IIP trust
- Trustees, what do they do and who should the client appoint
- Bloodline planning
- Use of loans
- Care Act 2014
- The Probate Preservation Plus Trust (PPPT)
- NRB and RNRB (the tax free allowance)
- The modified Discretionary Trust
- Some client solutions
- Questions
- Practical Assignment
Session 3: Thursday 16th November 2023
Commences at 9:30am and finishes at 1:00pm
- Multiple ‘Sibling’ Trusts
- Spousal / Civil Partners IHT exemption
- Married couple solution
- Tax deferral
- Short introduction of how to deal with Business and Agricultural assets in the Will
- Is the Business or Agricultural status important or is flexibility more important
- Life assurance policies and Estate Planning
- Lasting Powers of Attorneys and their importance to your clients
- Document Storage
- Recap on the session
- Practical Assignment
Session 4: Friday 17th November 2023
Commences at 9:30am and finishes at 1:00pm
- Risk
– What are the risks?
– How do we identify these?
– Who are we protecting?
- Software
– The process for submitting your first case
– The finance sheet
– How the risks are managed
– Electronic Points of sale documents
Session 5: Tuesday 21st November 2023
Commences at 9:30am and finishes at 1:00pm
- Contracts
- Introduction to BEST Foundation
- Tracking orders submitted to CTTC
- Software
- Q&A
Get in contact with us today for further information:
T: 01926 514 390 ext 9170
E: newentrants@ctt-group.co.uk
Book here.
Estate Planning Foundation Course
The course will be consolidated across 5 sessions remotely:
Tuesday 12th of December
Wednesday 13th of December
Thursday 14th of December
Friday 15th of December
Tuesday 19th of December
9:30am to 1:00pm
This course introduces Will Writing and discusses in detail the use of Will-based Trusts. It outlines the use of Discretionary Trusts, Pilot Trusts and Asset Protection Trusts. On completion of this course you can confidently advise, explain and utilise Trusts, enabling you to provide a bespoke Estate Planning service to suit your client’s individual needs.
The course provides a practical introduction to making Lasting Powers of Attorney, identifying the parties involved. Registering Lasting Powers of Attorneys, drafting restrictions and conditions, together with avoiding errors and negligence.
Full Course Information
Session 1 – Tuesday 12th of December 2023
Commences at 9:30am and finishes at 1:00pm
- Who are CW and how do we work
- Why you should make a Will
- Intestacy
- What constitutes the client estate
- Roles within the Will
- What are the rules on validity of a Will
- Mental Capacity
- Legacies
- Residue
- Powers in the Will
- Codicils and alterations to a Will
- Ownership of assets
- The problems of basic Wills
- Questions
- Practical Assignment
Session 2 – Wednesday 13th of December 2023
Commences at 9:30am and finishes at 1:00pm
- Threats to wealth
- Trust basics in a language the client understands
- How threats can be mitigated by a Trust
- Information required to draft a Trust
- Types of Trust
- – Trusts for children
- – Discretionary Trusts
- – Life interest or IIP (Interest in Possession Trust)
- Compare Life interest with IIP trust
- Trustees, what do they do and who should the client appoint
- Bloodline planning
- Use of loans
- Care Act 2014
- The Probate Preservation Plus Trust (PPPT)
- NRB and RNRB (the tax free allowance)
- The modified Discretionary Trust
- Some client solutions
- Questions
- Practical Assignment
Session 3: Thursday 14th of December 2023
Commences at 9:30am and finishes at 1:00pm
- Multiple ‘Sibling’ Trusts
- Spousal / Civil Partners IHT exemption
- Married couple solution
- Tax deferral
- Short introduction of how to deal with Business and Agricultural assets in the Will
- Is the Business or Agricultural status important or is flexibility more important
- Life assurance policies and Estate Planning
- Lasting Powers of Attorneys and their importance to your clients
- Document Storage
- Recap on the session
- Practical Assignment
Session 4: Friday 15th of December 2023
Commences at 9:30am and finishes at 1:00pm
- Risk
– What are the risks?
– How do we identify these?
– Who are we protecting?
- Software
– The process for submitting your first case
– The finance sheet
– How the risks are managed
– Electronic Points of sale documents
Session 5: Tuesday 19th of December 2023
Commences at 9:30am and finishes at 1:00pm
- Contracts
- Introduction to BEST Foundation
- Tracking orders submitted to CTTC
- Software
- Q&A
Get in contact with us today for further information:
T: 01926 514 390 ext 9170
E: newentrants@ctt-group.co.uk
Book here.
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.
