March: Will Writer to Estate Planner - Good to Great!

Reminder - If you have attended the Foundation Part 2 previously, you are welcome to only attend session 3.

The course will be consolidated across 3 sessions remotely:

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