Flexible Will Trusts

Aim

To help practitioners advise in relation to Interest in possession trusts in wills and the benefits of making such trusts flexible with practical drafting guidance, whilst also looking at the flexibility of discretionary trusts and the pros and cons of each type of trust.

Outcome

Participants will be better equipped to give flexible will trust advice to clients and to choose which provisions to include within wills containing the same.

Agenda

• An introduction to Interest in Possession trusts
• Making such trusts flexible especially in relation to spouses/civil partners
• Ending the Life interest
• Discretionary Trust introduction and comparison to an IIP
• Pros and cons of each type of trust