Property and Other Assets

Event details

Date: 27th June 2018
Venue: Foot Anstey, London
Who should attend: Any ILM members, legacy staff

This event has already happened.

This course led by the team from Foot Anstey will cover the following situations through case study and discussion / presentation:

  • Where charity is a trustee and beneficiary and they are managing a resident life tenant
  • Where charity is co-owner of land with family beneficiaries and they don’t want to sell the land now (they think it has good planning potential) but charities don’t – how to unlock the situation
  • Where executor is not taking a pro-active role in selling land as there is some difficulty or complexity with the land
  • Where charity is beneficiary of estate and the estate comprises a property that needs to be sold but there is a family or friend residing in the property who is vulnerable, for example old or suffering from mental health difficulties or might have a potential claim against the estate as a financial dependent – what can or should you do?
Session 1 – To maximising value (the basics!) start by solving the problems!
  • What have you got?
  • What might the issues be?
  • Dealing with lay or not-co-operative Executors
  • Case Study
Session 2  – Trust scenarios
  • When to leave the Executors to take the lead;
  • When to step in and make suggestions
  • Differences in approach where your charity is a trustee
  • When to insist upon a s.119 or other valuation
  • Take it or leave it (remember you can disclaim!)
  • Case Study
Session 3 – Vulnerable occupiers
  • Your rights and their rights
  • A quick overview on capacity
  • How to ‘manage’ the matter at arms-length
  • Case Study