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Wills, Life Assurance and
Death Benefits Conference
17 February 2015
6 CPD Hours
17 February 2015
Central London
Fees: £415 + VAT CLT Members/ £525 + VAT Non-Members
Major legislative changes are taking place in 2015, with the abolition of the
55% pensions tax on death set to alter the pensions landscape dramatically.
Additionally, changes to Inheritance Tax on trusts, even though the proposed
Settlement Nil Rate Band (SNRB) is not now being brought in, also mean a rethink
in the advice and planning you will need to give your clients from now on.
Our speakers will guide you through these changes, which they will help to fit
into the whole world of life assurance and death benefits and recording them
for IHT on death. Make sure you are advising your clients with the most up to
date knowledge, following announcements in the 3 December 2014 Autumn
Statement and 10 December draft Finance Bill clauses, by attending this highly
topical and practical conference.
Suitable for any practitioner engaged in will drafting, estate planning and
completing IHT returns, you will leave this conference understanding the
mechanics of what to do for your clients now as well as how to plan for the
future. The speakers include expert practitioners – both solicitors and financial
planners. Delegates attending will gain greater understanding of these complex
matters.
Chair
John Bunker is Head of Private Client Knowledge Management for Thomas
Eggar LLP, a role developed after 26 years with the firm specialising in wills,
trusts, estate and tax planning. In more recent years he has developed
regular training in these areas. He has worked extensively with financial
planners and investment managers for mutual clients and has played a
leading role in developing relationships with financial planners for the firm.
Speakers
Steven Appleton is a Partner at Laytons private client practice group. Steven
deals with most aspects of private client law, including Wills, Trusts, Tax
Planning, Power of Attorney, Court of Protection and Probate. Steven is a full
professional member of the Society of Trust and Estate Practitioners (STEP)
and specialises in advising family and non-family business owners and senior
company executives on their estate planning and succession strategy. He
also regularly advises older clients, being a member of Solicitors for the
Elderly, and is recommended by both Mencap and Scope for advising those
with disabled beneficiaries on their estate planning.
Alan Neal, Partner, MFG Solicitors LLP specialises in finance and tax. Alan is
recommended in the Legal 500 and is also dual qualified as a Chartered Tax
Adviser. Alan was involved in four high-profile Inheritance Tax cases on APR:
Antrobus I, Antrobus II, Williams and Golding. He is a member of STEP and is
former Clerk to the General Commissioners for Income Tax Purposes for the
Kidderminster Division.
Ian Poysden is Managing Director of IEP Financial. Ian has been an
Independent Financial Adviser for 20 years and has become synonymous
in Brighton for the many wealthy and well-known clients he looks after. He
specialises in investments and corporate business and is responsible for all
the acquisitions that the company has made.
David Trenner has worked in financial services for over 35 years. In addition
to holding the Advanced Financial Planning Certificate, David has been a
senior pensions examiner for the Chartered Insurance Institute and has also
worked as a guest lecturer at the Mediterranean Insurance Training Centre in
Malta. He joined Intelligent Pensions in 2001 and is well known throughout
the industry as he is always prepared to provide expert comment and
forthright opinions on pensions developments at conferences and to trade
and national press.
9.00
9.30 Chair’s Welcome and Introduction
John Bunker, Thomas Eggar
9.45 Changes to IHT on Trusts:
Following the December Autumn
Statement & Finance Bill 2015, What
do They Mean in Practice?
11.30 Completing IHT 409 and How
Effective Planning Can Mitigate IHT
On Pensions
Mistakes that solicitors need to avoid making and
pension misconceptions | completing IHT409 |
Different pension structures and their treatment
under the new regime.
David Trenner, Intelligent Pensions
12.15 Life Assurance products with
Death Benefits: Issues on IHT 410 &
Deduction of Liabilities
Trusts are hugely important to effective planning
with life assurance and death benefits so the tax
treatment matters. | HMRC’s “simplification” of IHT
on trusts was revamped as “fairness” | Changes
announced in June 2014 were to be backdated to
then. | But now new anti-avoidance measures are
targeting pilot trusts. | Have the details on 3 & 10
December answered the uncertainties? | How will
the revised IHT provisions work and how can they
be used effectively?
John Bunker, Thomas Eggar
| Important concepts in Life Assurance and life
cover to report | Some key points in preparing
Form IHT 410 | How to show trusts of life policies |
Restrictions on the deduction of liabilities and the
IHT 419 form.
John Bunker, Thomas Eggar
10.30 GO Pensions –
A Changed Pension Landscape
Considers Will drafting under the latest revised
IHT regime for trusts | Case-study based analysis
of typical clients and how we might approach
their estate planning. Examples will include: Life
interests, Protective trusts, Discretionary trusts,
Bereaved minor trusts, 18-25 trusts | Discussion
of the practical and technical implications of
the following, in the context of Will drafting: Life
Policies, Death in Service Benefits, Pensions.
Steven Appleton, Laytons
Pension Reform | Treatment of Death Benefits
| Generational planning | Funding Pensions.
Ian Poysden, IEP Financial
11.15 Refreshments
1.00 Lunch
2.00 Will Drafting as a Jigsaw:
Putting All the Pieces Together
Please quote reference CF116421 at point of booking.
helping you deal
with the challenges
resulting from this
year’s legislative
changes
3.00 Estate Planning & Using Trusts for
Death Benefits in the new IHT regime
Estate planning –bringing legal, tax and financial
planning together | Spousal by-pass trusts &
death benefits –in the new IHT regime | Review
of life policy and death benefit trusts as part of an
overall estate planning strategy.
John Bunker, Thomas Eggar
3.45 Refreshments
4.00 Financial Planning Schemes
Where You Can “Have your cake and
eat it”
Discounted Gift Schemes | Gift & Loan Trusts |
Back to Back Schemes.
Alan Neal, MFG
4.45 Chair’s Concluding Remarks and
Questions
5.00
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