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This session is designed to give you a practical overview of the important role trusts can play in effective tax planning, as a well-established and flexible option for managing wealth, protecting assets, and planning for future generations.

We will look at the most commonly used trust structures, how they can be used and when they are most appropriate, including the key benefits and considerations. We will also touch on common pitfalls and how to ensure any planning is both compliant and aligned with clients wider objectives.

In this session, we will consider the use of Trusts as a tax planning tool to protect wealth and assets, to control who benefits and how further down the line, and to mitigate Inheritance Tax liabilities in some instances.

Key areas being covered 

• Common trust structures used in tax planning
• Key benefits/pitfalls of Trusts
• What to consider when deciding if use of a Trust is appropriate
• Trustee duties and obligations
• How do trusts fit in with wider objectives and tax planning

By the end of this session, professionals will have a clear understanding of the common Trust structures used for tax planning, as well as the key obligations falling on Trustees, and will take away practical insight in respect of when and how they should be used for the best outcomes. 

This session will be of interest to tax advisers, probate practitioners and estate planning specialists.

Course level: Intermediate