Recorded Webinar: Protecting Vulnerable Beneficiaries through Trusts

While a well-considered estate plan is always important, the structure of the plan is more important when there are vulnerable family members. Whether that be a person with a disability, someone struggling with addiction, or in a risky profession or otherwise financially vulnerable, there is often a desire of the testator to provide for their financial future while protecting them from undesirable or harmful behaviour. This is easy said than done in most cases. This session will examine:

• The different types of vulnerable beneficiaries and the pros/cons of the options available to provide for each (including protective and special disability trusts)
• Practical issues which need to be addressed as part of planning:
  • Ability to move assets exempt of duty and CGT
  • Preserving entitlements to social security benefits
  • Identifying and quantifying future financial needs
• Practical tips to limit the risk of conflict including communication strategies, who to involve in the planning and trust structure and when
• The extent to which a testator can validly exert control over beneficiary behaviour and/or use of funds after death in light of recent cases including Mead & Lemon 
• Practical case studies