Do trust beneficiaries need financial planning
It's often assumed that because trust beneficiaries have a steady source of income, they don't need financial planning. However, what happens in moments of financial crisis? What happens when the income needs of the beneficiaries increase as they age? How will this impact the trust fund and future beneficiaries?
The presentation will focus on some key financial planning considerations and steps to be taken by trust beneficiaries as well as trustees as part of an overall trust risk management strategy. Participants will have a better understanding of how beneficiaries and trustees can protect themselves from potential financial risks; an overview of the main solutions and tools involved in a financial risk management strategy; and the importance of cash management and the SJP approach to trustee investments.