Legacy Management for Small Charities and Teams – two-day online training

ILM is launching a brand new online training course aimed specifically at solo legacy officers and those at smaller charities.

With ten modules spread over two days from 9.30am-5pm, Legacy Management for Small Charities and Teams will give you the skills and knowledge you need to perform at the highest level. Sessions will be run by experts from the legacy sector, and will feature regular breaks in-between sessions to enable delegates to have a less-pressurised learning experience.

The course will be hosted live via video link. After each session you will be able to submit questions that will be answered at the end if the day. The sessions will be recorded so that if you miss one, you can watch it later.

Essentials training is also available to those new to the world of legacies or looking to refresh their skills. Visit the training calendar to view the available dates and options.

The course will cover the following topics (you can also view and download the full agenda here):

DAY 1

SESSION 1 – 9.30-10.30am
Property Law, including S119 Reports
Covering property law as it applies to charities, this session will enable you to ensure that you are complying with the rules and securing the tax reliefs you are entitled to.

SESSION 2 – 11am-12pm
Maximising Property Value
This practical session will look at the different ways of selling property and show you how to make the right choice and ensure that you are achieving the best possible price for the properties you are left.

SESSION 3 – 1pm-2pm
Delegated Authorities
Legacy Officers are often exercising powers delegated to them by their Trustees. This session will explore the limitations of these powers, and show you how to ensure that you are operating efficiently and within the law.

SESSION 4 – 2.30pm-3.30pm
Instructing Solicitors
All legacy officers will have to instruct solicitors at some point in their career. This session will show you how to do it well, saving on costs and making it more likely that you will achieve the outcome you want.

SESSION 5 – 4pm-5pm
Practitioner Perspective
Led by an experienced legacy manager, this session will bring together everything you have learnt on the first day, give you the opportunity to explore how these challenges have been managed in real life situations, and give you the opportunity to ask questions.

DAY 2

SESSION 1 – 9.30am-10.30am
Scotland, Northern Ireland and EU Probate law
Scotland, Northern Ireland, and European jurisdictions all operate very different legal systems, with key differences from England and Wales. This session will give you an understanding of the differences, and show you how to manage cross-border legacies.

SESSION 2 – 11am-12pm
Life Interest Legacies
Life Interest (known as reversionary) legacies pose particular challenges for legacy officers. This session will introduce the key elements of trust law as it applies to reversionary legacies, and shows you how to effectively manage your entitlement.

SESSION 3 – 1pm-2pm
Forecasting Legacy Income
Forecasting legacy income is a key skill for legacy officers. Accurate forecasting provides reassurance for senior managers and trustees, and makes a legacy officers life easier. This session will show you how to forecast your income, using both internal and external information.

SESSION 4 – 2.30-3.30pm
Accounting for Income from Legacies
Legacy income is governed by strict accounting rules, known as the SORP (Statement of Recommended Practice). This course will explain the rules and explore the approaches you can take to complying with them, enabling you to pick the route that best suits your charity.

SESSION 5 – 4pm-5pm
Practitioner Perspective
Led by an experienced legacy manager, this session will bring together everything you have learnt on the course, give you the opportunity to explore how these challenges have been managed in real life situations, and give you the opportunity to ask questions.