Clarke Willmott’s private client experts delve into the intricacies of, and find solutions to, complex Wills, inheritance tax, trusts, and planning. Helping you to support your clients both domestic and international to save tax and protect assets for their families.
If you would like to learn more, have a listen and follow our podcast on the following platforms: Podbean, Apple Podcasts, Amazon Music, Spotify.
Georgia Collier joins Carol Hawking once again to discuss Deeds of Variation, which allow individuals to change the terms of someone’s will after their death.
They explain the timing issues involved and the various reasons that someone might want to enter into a deed of variation, from faulty wills, tax planning, loan plans, asset protection, and diverting assets to different people.
They also discuss the use of trusts and property discounting, and highlight the vital importance of proper documentation and seeking professional advice when considering a Deed of Variation.
You can also listen to this episode on: Amazon, Apple, and Spotify.
#1: Trusts UntangledIn this episode, Carol Hawking and Georgia Collier from Clarke Willmott discuss ‘the niggly bits’ in Trusts, including the definition of a trust, different types of trusts, capacity of trustees, use of trustee powers, and common issues that arise.
The conversation covers the importance of reviewing the trust document and understanding its powers and limitations. They also discuss the role of lay trustees and the benefits of appointing professional trustees.
Other topics covered include insurance products in trusts, changing trust provisions, tax consequences of trust actions, and the importance of keeping the letter of wishes up to date.
You can also listen to this episode on: Amazon, Apple, and Spotify.
