The Law Society of Northern Ireland, in conjunction with Law Society (NI) Financial Advice Ltd, is once again delivering a comprehensive series of CPD sessions which will be of benefit to practitioners. To increase accessibility the sessions will take place in a variety of locations and at various different stages of the year.
5. Estate Planning using trusts and other mitigation strategies
Tuesday 11 September 2018 1pm – 2pm Law Society House, Belfast
This session will cover:
· Annual Allowances and exemptions;
· Use of Trusts such as Discounted Gift Trust or Gift & Loan Trust to reduce or cap IHT liability;
· Legacy Trusts for those with no immediate family beneficiaries;
· Use of strategies such as IPDI Trusts to protect beneficiaries from previous marriages;
· Use of Discretionary Will Trusts to utilise unused Nil Rate Band for remarrying widows / widowers. Increases to the NRB for a couple to more than the current £650,000 limit;
· Business Property Relief;
· Agricultural Property Relief.
Case studies will be used to highlight opportunities and vulnerabilities.
CPD hours: 1 Client Care and Practice Management
6. Pension planning in detail
Wednesday 10 October 2018 1pm – 2pm Law Society House, Belfast
This session will cover:
· Pension contribution limits and restrictions;
· Pension Lifetime Allowance amounts and protections STILL available for large funds;
· Using a pension to buy property;
· Pension Freedoms legislation and the consequences of being trapped in a scheme that can’t accommodate them;
· Death Benefits and the impact of Group Life Schemes on the Lifetime Allowance;
· Pensions in IHT planning;
· Pensions versus other retirement savings plans;
· Options for drawing on pension funds since pension freedoms were introduced.
Case studies will be used to highlight opportunities and vulnerabilities.
CPD hours: 1 Client Care and Practice Management
7. Law Society (NI) Financial Advice Roadshow
This will be a 90 minute session combining “best bits” information from the sessions detailed above that are taking place in Belfast. It will comprise:
· Estate Planning using trusts and other mitigation strategies;
· Income Tax and Capital Gains Tax mitigation strategies;
· Retirement planning strategies;
· The new freedoms for withdrawals from pensions for individuals and their dependants;
· Business Protection for partnerships and limited companies.
To increase accessibility this session will take place in the following locations:
Tuesday 13 November 2018 City Hotel, Derry 1pm – 2.30pm
Wednesday 14 November 2018 Silverbirch Hotel, Omagh 1pm – 2.30pm
Thursday 15 November 2018 Canal Court Hotel, Newry 1pm – 2.30pm
Case studies will be used to highlight opportunities and vulnerabilities.
CPD hours: 1.5 Client Care and Practice Management
8. Investing for vulnerable individuals
Monday 10 December 2018 1pm – 2pm Law Society House, Belfast
This session will cover:
· The roles and responsibilities of Trustees and Attorneys;
· Suitable investment strategies for Personal Injury Trusts;
· Elderly care options, costs and allowances;
· Estate deprivation;
· Treatment of the home if elderly care is required.
Case studies will be used to highlight opportunities and vulnerabilities.
CPD hours: 1 Client Care and Practice Management