Post-Death Variations - How to Avoid the Pitfalls & Risks

Introduction

Navigating post-death variations can be a powerful tool for tax planning - but tread carefully.While these variations offer real opportunities to optimize tax outcomes after death, they come with significant risks for the draftsman and demand precise, up-to-date technical knowledge.

There's no one-size-fits-all solution - each case presents its own challenges.

Understanding how to manage these complexities effectively can help avoid costly mistakes and ensure the best outcome for your clients.

Join our in-person seminar to gain practical strategies and expert guidance on handling this high-risk area with confidence.

What You Will Learn

This course will cover the following:

• The basic rules
• Situations in which a variation is advantageous
• Situations in which a variation is problematic
• Creating trusts by deed of variation
• Traps to watch out for
• Tax consequences of different types of variation
• Gaining the NRB or RNRB
• Compliance with testator's request
• Consideration - what does this mean?
• Case law
• How much to charge?
• When and how to introduce the idea of a variation
• Standalone variation when not assisting in the estate administration
• Inheritance Act claims
• Reducing risk