How To Close A Trust Webinar Recording

£40.00 + VAT

This is an online video recording of our webinar from 7th April 2021

Webinar Presented by: Gill Steel, Owner/Director, LawSkills Ltd
Premier trainer in Wills, Probate, Trusts, Tax & Elderly Client

1 hour – SRA statement of competence A2, B7, C3, D1 & D2

Aim:

Trusts rarely continue until the end of the perpetuity period or the end of the trust period. Practitioners are often asked whether a trust can be brought to an end early. In some cases, trusts end on the death of the life tenant where the remainder interests vest absolutely. The aim of this session is to remind practitioners of the possible risks to bear in mind when a trust is about to be wound up with suggestions as to how to avoid any traps

Outcome:

  • Participants will be able to:
  • Recognise potential risks on winding up a trust
  • Effectively manage the closure of a trust

Agenda:

  • Risks to avoid with good record keeping
  • Preparation of accounts
  • Trustees’ decision
  • Documents required to transfer assets to beneficiaries
  • Tax consequences
    • Income tax
    • IHT
    • CGT

Sponsor

thewealthworksThis webinar is sponsored by thewealthworks. Their comprehensive flexible Global Wealth Management Software easily adapts to meet the needs of law firms, accountants, family offices, trust companies, banks and other corporate trustees in the UK or across the globe.