Providing effective private client advice remains a mainstay for many firms.
Our comprehensive conference will cover current legal, tax and practical developments and questions to be considered will include:
how do you make sense of the Residence Nil Rate Band rules in practice?
what are the practical considerations which arise in advising beneficiaries and executors in contentious executries?
what is the reach of the new rules requiring a much wider range of trusts to register with HMRC and how they might this affect your trust clients?
are we likely to see successful legislation introducing assisted dying? If so when will it be, and will it be for the right reasons?
what steps can you take to make executry administration more efficient?
what are the issues which may arise when advising Scottish clients who have interests abroad?
Chairedby Martin Campbell of Anderson Strathern and including a keynote session from John Kerrigan of Blackadders, this is an essential conference for all who provide private client advice.
What's being covered?
Assisted Dying – Is It If or When
Assisted dying has increasingly been recognised in western countries. Many western countries and individual states in the USA have now legislated to allow for assisted dying in different ways. There have been several attempts both at Westminster and at Holyrood to introduce legislation which would permit assisted dying. To date they have failed. There is still resistance on the part of our legislators to allow assisted dying in the United Kingdom - and yet poll after poll indicates that the British public support the concept. Are we likely to see successful legislation - introducing assisted dying and if so when will it be - and will it be for the right reasons? This presentation will consider how assisted dying has developed in the western world and the reasons for and against the same.
John Kerrigan, Blackadders
IHT Residence Nil Rate Band – Planning & Pitfalls
The IHT residence nil rate band ('RNRB') has now been with us for over four years, but still remains one of the most complex areas of the IHT rules to apply in practice. 6 April 2020 marked the first time that families could potentially benefit from the RNRB at its maximum level and have the opportunity to pass on £1 million of assets IHT free. Martin's presentation will both highlight planning opportunities and potential pitfalls and explain how to make sense of the RNRB rules in practice.
Martin Campbell, Anderson Strathern
Cross Border Succession
This talk will cover issues which may arise when advising Scottish clients who have interests abroad, as well as those not domiciled in Scotland but who require advice on succession issues here. In particular, it will address aspects of will drafting relating to domicile and capacity, planning and estate administration issues relating to assets held outside of the UK (particularly continental Europe and the USA), as well as some intra-UK issues.
Mark McKeown, Turcan Connell
Aspects of executry litigation
This presentation will consider some important practical considerations which arise in advising beneficiaries and executors in contentious executries. Topics include: title to sue...and be sued; prescription and timing of claims; interest; and expenses.
Roddy MacLeod, Terra Firma Chambers
Trust Registration Service: What Now?
After a rocky start the Trust Registration Service is now running relatively smoothly but is in the process of being overhauled again as part of the implementation of the Fifth Anti-Money Laundering Directive (5MLD). Having come into effect on 6 October 2020, the new rules require a much wider range of trusts to register with HMRC and maintain their registration each year. It is essential for everyone involved in advising trustees to understand the reach of the new rules and how they might affect their trust clients. The session will recap the current rules, which trusts will now be covered by the extended rules and what additional compliance requirements trustees now have.
Ian Macdonald & Annie Pearson, Wright Johnston & Mackenzie
Executry Administration – how can we make the process more efficient?
In today's world the practitioner becomes ever more pressed to carry out an executry administration quicker and cheaper while keeping all the parties informed along the way. The process that was already a fine balancing act, has seen new issues introduced over the past 18 months while working remotely. Sarah will look at what can slow the process down and add complications while exploring ways the practitioner can look to anticipate those and importantly manage expectations.