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11 Sep 2018

Law Society Financial Advice Series - Estate Planning using trusts & other mitigation strategies

Details

Date 11 Sep 2018
Time 13:00 - 14:00
Location Law Society House, Belfast
Cost £20.00 per person
CPD Points 1 Client Care and Practice Management
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Description

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

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This event has 36 places remaining

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