Season 1: Episode 36

Duration: 43 minutes

In this episode of the Transact Platform Podcast, Tom Dunbar, Transact CEO, is joined by Keith and Josh Butten of Boosst to discuss how trusts can be used for future succession planning of advice firms and help clients plan for long-term wealth transfer.

Together they explore:

  • the succession options available to adviser firms, including consolidation, management buyouts, family succession and Employee Ownership Trusts (EOTs)

  • why Boosst chose to transition to an EOT and the lessons learned from the process

  • the importance of planning early and building a strong leadership team

  • how trusts can help support long-term client outcomes and family wealth transfer

  • the growing impact of inheritance tax planning following upcoming changes to unused defined contribution pension taxation

  • the role of loan trusts, Discounted Gift Trusts and Flexible Reversionary Trusts within financial planning

  • key considerations when selecting and working with professional trustees

  • And the operational challenges and opportunities as trust planning becomes more mainstream.

Throughout the episode, Keith and Josh share their first-hand experiences of business succession, EOT planning, offering practical insights into how advisers can think about legacy, continuity and long-term planning for both their businesses and their clients.

Whether you're considering succession options for your own advice firm or helping clients navigate inheritance tax and estate planning challenges, this episode provides valuable perspectives on the growing role trusts can play in shaping the future.

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