This course is a specialist, industry-recognised qualification for those working in the private client field, particularly solicitors who regularly work with vulnerable clients or the Court of Protection.
The course will particularly appeal to those who currently work with elderly or vulnerable clients or wish to work more with these clients and manage risk in a highly complex service area while still working towards a STEP Diploma and becoming a TEP. As most students continue to complete the standard STEP Diploma, it also offers a way for TEPs to set themselves apart and demonstrate their expertise in helping elderly and vulnerable clients safeguard their future, which is especially topical in an ageing population.
You will be able to
- Describe the classification and types of trusts, their uses, what affects their validity, their premature cessation and under what circumstances they can and cannot be altered.
- Advise on the taxation of each trust type.
- Explain, advise and comment on the use of the trust in modern tax planning.
- Understand and interpret the legal complexities and language pertinent to trust deeds.
- Describe the roles, responsibilities, limitations and liabilities of trustees.
- Advise on the legal formalities involved in the preparation of a valid will and be alert to the pitfalls.
- Analyse the content and validity of an existing will, assess its value to a client and advise to what extent it will meet their objectives.
- Advise on the tax-effective will.
- Advise on the tax implications and legal considerations of making lifetime gifts and gifts made in contemplation of death.
- Describe the roles, responsibilities, limitations and liabilities of the executor.
- Advise on the legal management of the client estate, including probate and intestacy issues, evaluation of any risks involved, deeds of variation, disclaimers and insolvency.
- Advise on taxation issues relating to the transference of private client wealth, specifically inheritance tax and capital gains tax, and how the burden of taxation can be minimised.
- Construct and interpret trust and client estate accounts.
Students of this course typically include:
- Legal and trust professionals
- Support staff and paralegals
- Accountants and banking professionals
- Charity specialists
- Tax advisors
- Independent financial advisors
- Executorship administrators
- Ideal for practitioners looking for professional accreditation in a specialist area.
- Ability to grow your own professional network, meeting students from a range of professions providing an opportunity for networking, building relationships and sharing study tips/support as a cohort.
- Students have the opportunity to submit academic queries to a dedicated programme content team.
- Successful completion of the course will award students with 120 Diploma-Level credits towards STEP membership.
Format, Delivery and Assessment
This Diploma programme comprises four standalone STEP Advanced Certificate courses that together cover the curriculum of the STEP Diploma in Advising Vulnerable Clients (England and Wales).
The three papers which comprise this Diploma are:
- Advanced Certificate in Administration of Estates
- Advanced Certificate in Administration of Trusts
- Advanced Certificate in Advising Vulnerable Clients
Each of these Advanced Certificates can be taken as a standalone qualification or as part of the Diploma programme.
Please note all courses until end December 2020 and throughout 2021 are being delivered fully online. Please visit ‘2021 Delivery’ for further information.
There are no formal exemptions available for this course.
Course Enquiry Form
This programme provides practitioners with the enhanced knowledge and skills required to deliver holistic advice in England and Wales relating to administering estates.
This course aims to provide practitioners with the technical knowledge and practical skills required to deliver advice in England and Wales relating to administering trusts.