Course content

Aims:
• To provide an explanation for practitioners unfamiliar with the debt and charge schemes used to implement the NRB discretionary trust before the advent of the transferable NRB

Outcomes:
• Participants will be able to: 
• Appreciate why the debt and charge schemes were drafted in Wills
• Decide whether to implement the NRB discretionary trust in estates today or whether to appoint out the discretionary trust


Agenda:
• Why mirror Wills for spouses pre 2007 included NRB Discretionary trust provisions
• What was the purpose of adding in debt and/or charge scheme wording?
• The impact of using the debt scheme or the charge scheme
• The introduction of SDLT and its impact
• The introduction of the RNRB and its £2 million threshold
• Should you keep the NRB DT or dismantle it?

About SFE masterclasses

A leading expert will talk to you for about 30 minutes and then there will be an open session for questions and issues where you can put the expert on the spot and get to the bottom of your issues.

A week after the session, you will be sent a top 10 practical tips that you can use in your day to day practice.

About the speaker

Gill Steel, has been immersed in Wills, Probate, Trusts, Tax & Elderly Client law for the entirety of her long career as a solicitor, trainer & consultant. Now non-practising, her website www.lawskills.co.uk curates articles and training information dedicated to the practitioner.

There is a web shop to sign up for the LawSkills Monthly Digest dedicated to developments in Wills, Probate, Trusts, Tax and Elderly Client, paid for webinar recordings, Technical Learning Packs and more.