stouravonmagazine.co.uk
52 New Stour & Avon, August 11, 2023
Business
Estate administration and the Trust Registration Service Following the introduction of the Trust Registration Service (TRS), HMRC now require some estates to be registered on the TRS. The registration of an estate is mandatory if certain circumstances apply. Failure to register an estate could result in large penalties. If administration of the estate cannot be completed within two years of the date of death, the estate must be registered on the TRS. This will depend on the construction and wording in the will but essentially, if the estate is left to the Executors ‘upon trust’ for the beneficiaries named in the will, then a trust has been created and must be registered if the administration exceeds two years. There are various circumstances within an estate which will
ADVERTISEMENT FEATURE require administration. If the executors decide to vary the contents of the will after the testator has passed away, then a new trust is created and the varied estate must be registered on the TRS within 90 days of the variation. If assets are appropriated to beneficiaries, usually to minimise the amount of inheritance tax due on the estate, or to maximize the value of the reliefs available to be claimed, then unless the transfer of the assets take place on the same day as the appropriation, a trust is created and will also need to be registered. There are other circumstances that will also require registration, so if you have any doubts over the need for registration of an estate, register in any event to avoid being considered noncompliant.
Bournemouth-based charity Samee (Support and Mentoring Enabling Entrepreneurship,) which is committed to helping enable people with disabilities and special educational needs into self-employment, has won a prestigious award at this year’s UK Career Development Awards.
Held at a glamorous evening in Derby, the Awards are hosted by the Career Development Institute (CDI), the professional body for UK career development, representing 5,000 members across all areas of the profession. A key part of the CDI is working collaboratively across
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County charity lands a national award
Death Notice COAD Joanna Mary Jo died peacefully after a long battle aged 64 years on 29th July 2023. Devoted wife to Simon. Loving Mother to Steve, Michael, and Bert. Stepmother to Dan, Sarha and Kirsty. A treasured Grandma. Jo’s funeral service will be held at 10:30am, Monday 21st August 2023 in the Long Barrow Ceremony Hall, Harbour View, BH16 6AN. Family flowers only but donations if desired to Neonatal Intensive Care Unit, Princess Hospital and Spires Smiles via www.tapperfuneralservice.co.uk or sent to 32-34, Parkstone Road, Poole, BH15 2PG 01202 673164
career development to create a clear view of its future and its important role in addressing skills gaps, supporting the levelling up agenda and helping individuals achieve their career and life goals. Samee won the award for Career Programme – Post-16 Education. It was recognised for its success in rolling out the UK’s first accredited Self-Employment Skills Development Programme to help support people with special educational needs, not just in Dorset but nationwide. ‘Steps into Self Employment’ supports individuals through the development of skills needed to explore self-employment as a viable career option. It has been built on extensive research
and co-creation with people recognised as having SEN including those with neurodiverse challenges. Samee CEO Sam Everard, pictured collecting the award, said: “This is more than just an accolade. “It’s proof that our scheme is an effective pathway that can be explored by career professionals and advisers with great results.” She added: “It’s important that self-employment is recognised as the fifth pathway for anybody, establishing itself alongside the others – education, employment, apprenticeships and internships.” David Morgan, Chief Executive of the CDI, who are championing career development as a critical link between education, training and employment said: “I would like to congratulate Sam and all the team at Samee on their impressive win and for their continued support for those who can benefit most from highquality careers support.”