Tax, Trusts & Wills on Second Marriage - A Live Guide for Private Client Professionals

Introduction

With divorce on the rise, the affairs of those who are re-married are getting more complex.

There is a clear need to plan carefully to protect assets for each person in the marriage, and their respective families.

Some practitioners consider the mutual will an answer to this, however there are pitfalls that a client must be aware of before entering into such wills.

‘Simple’ wills are often no longer suitable, as assets could be dissipated or distributed to the family of the surviving spouse.

Practitioners need to be aware of the options available to them, and the impact these can have on inheritance tax.

This new virtual classroom seminar will provide you with a guide as to what to discuss and how to tackle the minefield of second marriages, tax, and trusts.

What You Will Learn

This live and interactive session will cover the following:

• An overview of the problems and issues
• Trusts- what types of trust to consider, and when to put them in place; inter vivos or on death?
• Mutual wills and the downfalls
• Inheritance tax - benefits and problems
• Practical tips and drafting

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.