Podcast Location:
Download it here [file size: 24.1 MB]
Categories:
Tax Law
Tax & Planning
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast aims to familiarise the listener with the numerous considerations that may be appropriate when making financial provision for a disabled person

This podcast looks at the utility of the trust in particular and the various tax benefits available and how these relate to the needs and circumstances of the disabled beneficiary

The podcast ends with a discussion of the interaction between the beneficial interest under a trust and existing state provided disability benefits

Outcomes:
After completing the course you will:
  • Understand some of the major practical considerations of setting up financial provision for disabled person;
  • Know what tax benefits are available for disabled beneficiaries and how these relate to the needs and circumstances of the disabled beneficiary;
  • Understand the legal concept of disability and its shortcomings in the context of trusts;
  • Have received candid advice for practitioners asked to advise on establishing a trust for a disabled party;
  • Understand the appropriate trust model needed to maximise the benefits available to meet the disabled persons needs and what conditions need to be met by the disabled person or the trustees;
  • Understand the interaction between a beneficial interest under a trust with existing state provided disability benefits.
Level:
Specialist Difficulty: 5 of 5
Classification:
Introduction
Legal Principles
Legislative Updates
Sources and References:
  • Finance Act 2005;
  • Finance Act 2006;
  • Inheritance Tax Act 1984;
  • Social Security (Contributions and Benefits) Act 1992;
  • Disability Discrimination Act 1995;
  • Mental Capacity Act 2005;
  • Health And Social Services And Social Security Adjudications Act 1983.
Tags:

This podcast is suitable for private client practitioners or anyone with a general interest in trust and taxation issues. The CPDcast looks at the niche practice of trusts for people with a physical or mental disability and how the trust can cater for their varying needs.

Podcast added: 27/03/09

Podcast last reviewed: 2011-06-27

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