Trusts CPD – Overview
According to common law, a trust is where a property of some sort is held by one party on behalf or for the benefit of another party. The property can be physical structures, effects or intangible items and typically occurs when the property is transferred by one party to another for the benefit of a third party, but not necessarily.
If you are a practitioner working in the complex area of trust law, then you will need to stay current in your knowledge of the developments that affect the way trusts are created and managed.
CPD in Trusts – Course Information
Trust and Estate Accounts - Getting Them Right – Seminar - CPD hours 6
This Trusts CPD seminar is aimed at assisting Private Client practitioners with the correct preparation of Estate and Trust Accounts. It is not unusual for many private client practitioners to have little or no specific training in the setting up of Trusts and then put under immense pressure and worry when required to prepare detailed accounts for clients.
The course stresses:
• the importance of file management
• the crucial information required in the preparation of accounts, as well as
• how to present accounts in a way that can be easily understood by the untrained eye
It also looks at the reconciliation of accounts and the potential mistakes made in their preparation in addition to the area of taxable and non-taxable estates.
Trusts: Drafting to Distribution – Seminar – CPD hours 6
This Trusts CPD seminar deals with the main aspects involved in advising clients on which is the most suitable trust for their needs and covers everything from key drafting aspects of the trust to setting up the trust.
It also looks into the main elements of trust administration, as well as finalising the distribution to beneficiaries. It covers the various types of trust and the tax implications stemming from IHT, CGT and IT on all stages of trust development.
The duty of care apportioned to trustees, their powers and duties are also discussed along with the rules governing excessive accumulation, plus the administrative provisions that followed the Trustee Act 2000. You will be expected to have developed the skills involved in effectively administrating trusts, and this includes running trustee meetings, dealing with accounts and taxation.
It also uses example calculations of IHT charges in relation to property trusts Income Tax pool scenarios to demonstrate how discretionary trusts are handled. Trustee liability and litigation are touched on along with how trustees and trust funds are appointed.
Wills, Trusts and Tax Planning – Master Class – Seminar – CPD hours 3
This Trusts CPD course is designed for experienced practitioners to meet together and examine the most recent issues in wills and trusts including drafting and planning.
A close look is taken at draft clauses with various examples to illustrate with specifics such as nil rate tax bands and inheritance tax as well as lifetime planning choices. Pilot trusts and how wills can deal with children and grandchildren are also a focus of the seminar as are perpetuities and accumulations.
Trusts CPD Training Choices
CPD training courses cover a wide range of topics within the field of trust law and choosing the right combination is a key factor to maximising the positive benefit they will have to your professional progression.
Choosing the right CPD courses can best be done by speaking to a course advisor about the top training providers in the UK.