Hello,
I currently work in a small practice with an extremely limited exposure to trusts. As such I have very little knowledge about trusts, and the word itself in the professional context makes me nervous.
I would like to gain a basic understanding of trusts and their tax implications so I can add more value to my clients.
Disclaimer - I'm not going to be advising my clients on trusts but what I hope to gain from the knowledge is that it will allow me to pass clients over to the relevant specialists where necessary or at least have a meaningful conversation with my clients about trusts.
Does anyone have any good resources to get started on i.e. good books to read (assume little-no knowledge) or videos? I appreciate I can just google trusts and there is an abundance of information available but I'm looking for something specific.
Any direction/advice is greatly appreciated.
Replies (11)
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was going to say the same thing. You may not want to do the qualifications, just dip into some of the courses
One option would be to consider doing just the IHT, trusts and estates ATT paper for understanding and apply for a certificate of competency thereafter
Drafting Trusts and Will Trusts by James Kessler QC (even an old copy on discount), although a legal book, is a great resource on trust basics onwards; written in a very clear and readable style.