Join Tom Chiffers and Holly Smith in this episode of the Heirs and Affairs podcast from Clarke Willmott, as they explore how nuptial agreements aren’t just for Hollywood marriages, they can protect the assets of farming families.

Holly, a family law expert, clarifies misconceptions around nuptial agreements and explains the important role they can play in preserving generational wealth.

Essential listening for anyone with an interest in modern estate planning.

In this episode, Tom Chiffers and David Maddock discuss the intricacies of trusts, particularly focusing on lifetime trusts for farmers and landowners.

They discuss the fundamentals of trusts, their uses in asset protection, and the implications of recent changes in inheritance tax legislation.

The conversation also covers capital gains tax considerations and the role of discretionary trusts in estate planning.

The episode wraps up with a discussion on the flexibility and strategic advantages that trusts offer in achieving your financial goals.

In this episode, Carol Hawking and Georgia Collier from Clarke Willmott discuss 'the niggly bits' in Trusts, including the definition of a trust, different types of trusts, capacity of trustees, use of trustee powers, and common issues that arise.

The conversation covers the importance of reviewing the trust document and understanding its powers and limitations. They also discuss the role of lay trustees and the benefits of appointing professional trustees.

Other topics covered include insurance products in trusts, changing trust provisions, tax consequences of trust actions, and the importance of keeping the letter of wishes up to date.

To find out more, visit www.clarkewillmott.com

Georgia Collier joins Carol Hawking once again to discuss Deeds of Variation, which allow individuals to change the terms of someone's will after their death.

They explain the timing issues involved and the various reasons that someone might want to enter into a deed of variation, from faulty wills, tax planning, loan plans, asset protection, and diverting assets to different people.

They also discuss the use of trusts and property discounting, and highlight the vital importance of proper documentation and seeking professional advice when considering a Deed of Variation.

To find out more, visit https://www.clarkewillmott.com/