Lifetime trusts v Family Investment Companies – estate planning strategies explored

Aim

To help practitioners understand the benefits and potential pitfalls of Family Investment Companies how they work and how they compare and contrast with the traditional lifetime trust option as part of a wider estate planning strategy.

Outcome

Participants will be better equipped to give estate planning advice in relation to Family Investment Companies.

Agenda

• • An introduction to FICs and the mechanics of the same
  • For whom they will be suitable and when they won’t be
  • Taxation implications and concerns of Close companies
  • Taxation implications and concern particularly in relation to FICs
  • How they compare and contrast to Lifetime Trusts