Who Should Join: Trustees and beneficiaries, come on in for some useful tips and advice!
In this session, we'll chat about what trustees do and what they're on the hook for. We'll break down what the laws are trying to achieve and have a friendly discussion about the choices trustees have, plus the possible fallout and costs of each option.
The webinar dives into what trustees need to manage, the hurdles in handling trusts, how things are getting trickier with new laws and international issues, and it gives tips on how to deal with or close down unnecessary trusts, all with a focus on trustees and beneficiaries.
Trustee Knowledge Gaps: A lot of trustees aren't aware of their legal duties, which can lead to bad management and legal trouble.
Purposes of Trusts: Trusts are usually set up for estate planning, cutting down on taxes, protecting against creditors, and looking after minors.
Cross-Border Challenges: Managing trusts is getting more complicated, especially for those with international beneficiaries who face big tax issues.
Recommendation to Close Redundant Trusts: It's a good idea to simplify things by shutting down unnecessary or poorly managed trusts to cut down on risks.
Time & Location
27 Mar 2025, 18:00 – 19:00
Zoom - Trustee Risks & Responsibilities.
Interactive discussion with Brian Payne and Alan Hockey
Angela Alderton