Asset Preservation Trusts - Hidden Dangers & Practical Guidance

Introduction

Asset preservation trusts are promoted under a variety of names, including family preservation trusts, property protection trusts, estate preservation trusts, lifetime trusts, universal protection trusts and home protection trusts. Marketed as a way of protecting and preserving assets for future generations, these arrangements can appear attractive to clients seeking greater security for their property and estate.

However, such trusts can give rise to significant legal, tax and practical risks. In some cases, they have been mis-sold to vulnerable individuals, with the potential problems only becoming apparent many years later or following the death of the settlor. For practitioners encountering these arrangements, understanding how they operate, the risks they present and the warning signs to look out for is essential.

This new virtual classroom seminar will provide a practical examination of asset preservation trusts, exploring the key issues practitioners need to consider and how to approach these arrangements when they arise in practice. It will highlight the potential pitfalls, identify areas requiring particular scrutiny and consider the steps practitioners can take to protect their clients and address concerns surrounding existing trusts.

What You Will Learn

This live and interactive session will cover the following:

• Understanding asset preservation trusts and how they are structured
• Separating the myths from the realities of asset preservation trusts
• Examples of companies involved in promoting and establishing asset preservation trusts
• What can happen when an asset preservation trust goes wrong?
• Grounds for challenging or setting aside an asset preservation trust
• Practical examples, case studies and tips for practitioners
• The future of asset preservation trusts - potential developments and changes

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.