Variations of Deceased Estates - Options, Opportunities & Tax Considerations

Introduction

What happens when the terms of a deceased person’s estate no longer reflect what the beneficiaries want or what would be most tax efficient? There are several ways in which dispositions made on death can be varied, and understanding the available options is an important part of effective estate administration and planning.

This webinar will examine the different mechanisms available for varying dispositions, including the circumstances in which a variation may be appropriate or beneficial. While tax planning is often a key consideration, it is not the only reason for varying an estate.

By the end of the webinar, you will have a clearer understanding of the routes available, when a variation should be considered and the practical circumstances in which it may provide a useful solution.

What You Will Learn

The webinar will cover the following:

• What can be varied and the different types of variation available
• When a variation may be beneficial for tax planning purposes
• When a variation may be appropriate for non-tax reasons
• The tax consequences of varying dispositions
• Creating trusts by variation and the key tax considerations
• Key risks, pitfalls and practical points to consider