Trusts and Trust Drafting [2024]

Trusts can sometimes be overlooked as an option for lifetime planning and their uses within estates, however when prepared properly these can be great tools in a practitioner's armoury to ensure that a client's needs are met. Problems can arise however if the trust is not drafted properly, and this has led to cases where the objectives of the trust may not be met, or beneficiaries have lost out.

Tax complications can also cause problems and full advice and careful drafting should be done at the start to ensure the objectives of the trust are being met. This session will run through the basics of trusts and address drafting issues and tips for both lifetime trusts and trusts in Wills

What you will learn:

• Taxation of trusts
• Trust drafting- layout, standard clauses to include, and practical tips
• Common drafting errors to look out for