Deeds of Variation (Section 142 & Section 144) & Trustee Meetings and the use of “Discretion”
Every client needs a hero!
08/09/2016 at 10.00am
Date: Thursday 8th September 2016
Time: 10:00 AM – 11:00 AM GMT
To book your place please click here
Topics Covered:
- Deeds of Variation (Section 142 and Section 144)
We will examine the use of “Deeds of Variation” and how a client may wish to consider “re-writing” a testators Will or the Intestacy Provisions.
We will review the following:
- Who can vary their entitlement?
- How much they can vary?
- Do they need to have the agreement of the fellow beneficiaries of the Will / Intestacy Provisions?
We will also discuss the intricacies of Section 144 and how this little known piece of legislation can be used to “vary” the terms of a Discretionary Trust. Outlining why someone might want to vary their Inheritance and discuss how a Deed of Variation may, or may not assist in achieving the clients aims.
- Trustee Meetings and the use of “Discretion”
In our experience, the vast majority of beneficiaries are of the opinion that Trustee meetings are an expensive inconvenience.
We will explain why Trustee Meetings are a vital, but often overlooked, part of the clients’ estate planning.
- Why do Trustee Meetings need to happen?
- How often should they be attended?
What happens if the Trustees choose to ignore the need for a Trustee meeting?
This article was submitted to be published by Countrywide Tax & Trust Corporation as part of their advertising agreement with Today’s Wills & Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills & Probate.
