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Conflict of laws, interpretation of Wills, testamentary trusts (Clarke-Sullivan v Clarke-Sullivan)

Conflict of laws, interpretation of Wills, testamentary trusts (Clarke-Sullivan v Clarke-Sullivan)

The following Private Client news provides comprehensive and up to date legal information on Conflict of laws, interpretation of Wills, testamentary trusts (Clarke-Sullivan v Clarke-Sullivan)

Interpretation in contract and trusts–foreign law concept with no exact English equivalent—trust protectors—new judgment on their appointment and powers (PTNZ v AS)

Interpretation in contract and trusts–foreign law concept with no exact English equivalent—trust protectors—new judgment on their appointment and powers (PTNZ v AS)

Interpretation in contract and trusts–foreign law concept with no exact English equivalent—trust protectors—new judgment on their appointment and powers (PTNZ v AS)

Retained EU law—a guide for the perplexed

Retained EU law—a guide for the perplexed

The following Banking & Finance news provides comprehensive and up to date legal information on Retained EU law—a guide for the perplexed

National debt fund worth £500m is held on charitable trusts (Attorney General v Zedra Fiduciary Services)

National debt fund worth £500m is held on charitable trusts (Attorney General v Zedra Fiduciary Services)

The following Private Client news provides comprehensive and up to date legal information on National debt fund worth £500m is held on charitable trusts (Attorney General v Zedra Fiduciary Services)

Featured Private Client content

Notaries and notarisation—notarisation

Notaries and notarisation—notarisation

The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or...

Creation of trusts—blind trusts

Creation of trusts—blind trusts

What is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the settlor and beneficiary of the...

Nature and classification of trusts—the three certainties

Nature and classification of trusts—the three certainties

CertaintyIn order for a settlor to create a private express trust the three certainties must be present, namely:•certainty as to the intention of the...

Lifetime gifts

Lifetime gifts

A lifetime gift is a gratuitous transfer of ownership of any property between living persons and not made in expectation of death. In contrast, gifts...

Practice notes

The meaning of relevant property

The term 'relevant property' defines a category of trust property which is subject to a special regime for inheritance tax (IHT). As described in...
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Produced in partnership with Paul Davies of Clarke Willmott 12th Jan
Practice notes

Capacity to litigate

On the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without capacity, in them...
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9th Nov
Practice notes

Offshore trusts—offshore income gains (OIGs)

Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are either:•non-distributor offshore funds, or...
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9th Nov
Practice notes

Trust disputes—sham trusts

The issue of sham is most likely to be raised by the settlor's creditors or former spouse if the settlor is involved in matrimonial proceedings, who...
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9th Nov
Practice notes

What is an offshore trust?

A trust is formed either by lifetime gift or on death when a person (the settlor) transfers assets to another person or persons (the trustees) to hold...
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Produced in partnership with Mourant Ozannes and Carey Olsen 12th Jan
Practice notes

Beddoe applications

When trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe application is the best...
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Produced in partnership with Kate Davenport QC of Outer Temple Chambers and Adele Isaacs of Bankside Chambers 12th Jan
Practice notes

Bermuda trusts

This Practice Note outlines Bermuda trust law and focuses upon its unique features and recent reforms, such as Bermuda's regime for private trust...
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Produced in partnership with Vanessa Lovell Schrum and Caljonah Smith of Appleby, Bermuda 12th Jan
Practice notes

Cayman Islands STAR trusts—common uses

This Practice Note provides guidance on Cayman Islands STAR trusts. For general information about the Cayman Islands, see Practice Note: Private...
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Produced in partnership with Mourant Ozannes and Carey Olsen 12th Jan
Practice notes

Trustees—power of advancement

Where a beneficiary either:•is a minor (ie under the age of 18) and unmarried or•has attained majority or has married under that date but is required...
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9th Nov
Practice notes

Termination of trusts—methods of termination

Duration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules against remoteness of vesting and against the...
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9th Nov
Practice notes

Termination of trusts—beneficiaries

Duty to distribute to the correct beneficiariesOn the termination of the trust, the trustees are under a duty to distribute the trust assets to the...
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9th Nov
Precedents

Deed of appointment terminating discretionary trust

This Deed of Appointment is made on [date] by [trustee] of [address] and [trustee] of [address] (the Trustees).Background(A)This Deed is supplemental...
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9th Nov
Practice notes

Situs of assets for succession and IHT

When you advise an individual on cross-border issues or offshore tax planning, it is important to establish the 'situs' (ie location) of the assets...
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9th Nov
Practice notes

Liferent trusts—Scotland

Liferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both, in the trust property...
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Produced in partnership with Peter Murrin of Turcan Connell 12th Jan
tag iconScottish Law
Practice notes

UK taxation of offshore trusts—inheritance tax

An offshore trust is any non-UK resident trust. The liability of trustees of an offshore trust to UK inheritance tax (IHT) is not dependent on the...
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Produced in partnership with Jenny Wilson-Smith and Emma Haley of Boodle Hatfield 12th Jan
Practice notes

Creation of trusts in Scotland

Express creation of trustsA trust is constituted expressly where the owner of property (the truster) transfers property to trustees to hold for...
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Produced in partnership with Yvonne Evans, Law Lecturer, Solicitor (non-practising), TEP, University of Dundee 12th Jan
tag iconScottish Law

Most recent Budgets and Finance Bills content

Practice notes

Tax—Finance Act 2020—progress through Parliament [Archived]

This Practice Note contains information on the Finance Act 2020 (FA 2020) which received Royal Assent on 22 July 2020. It is being retained for...
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14th Jan
Practice notes

The Budget and Finance Bill process

The Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating to the national economy. This...
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14th Jan
Practice notes

Tax—Finance Bill 2021 tracker

This Practice Note contains information on the Finance Bill 2021 (FB 2021), detailing its progress through Parliament to Royal Assent and describing...
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13th Jan
Practice notes

Tax—Finance Act 2019—progress through Parliament [Archived]

This Practice Note contains information on Finance Act 2019 (FA 2019) which received Royal Assent on 12 February 2019. It is being retained for...
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12th Jan
Practice notes

2020–21—Budget and Finance Bill—Private Client analysis

This subtopic draws together content on the fiscal events throughout the tax year 2020–21 starting with the Summer economic statement on 8 July 2020,...
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28th Sep
Practice notes

2019–20—Budget and Finance Bill—Private Client analysis

This Practice Note draws together content on the fiscal events throughout the tax year 2019–20 starting with the release of draft provisions for...
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27th Sep
Practice notes

Finance Act 2018—progress through Parliament [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains information on Finance Act 2018 (FA 2018) which...
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26th Sep
Practice notes

Finance (No 2) Act 2017—progress through Parliament [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains information on Finance (No 2) Act 2017 (F(No 2)A...
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26th Sep
Practice notes

Finance Act 2017—progress through Parliament [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note contains information on Finance Act 2017 (FA 2017) which...
Read More >
26th Sep
Practice notes

Autumn Statement 2015 to Finance Act 2016—Lexis®PSL Private Client analysis

This Practice Note draws together analysis on the key milestones of the 2015–16 Budget and Finance Bill process. It includes commentary on the Autumn...
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25th Sep
Practice notes

Autumn Statement 2014 to Finance Act 2015—Lexis®PSL Private Client analysis

This Practice Note draws together analysis on the key milestones of the 2014–15 Budget and Finance Bill process. It includes commentary on the Autumn...
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25th Sep
Practice notes

Autumn Statement 2016 to Finance Act 2017—Private Client analysis

This Practice Note draws together analysis on the key milestones of the 2016–17 Budget and Finance Bill process. It includes commentary on the Autumn...
Read More >
25th Sep
Practice notes

2017–18—Budget, Finance Bill and Spring Statement—Private Client analysis

This Practice Note draws together analysis on the key milestones of the 2017–18 tax year.For a detailed explanation of the annual Budget and Finance...
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25th Sep
Practice notes

2018–19—Budget, Finance Bill and Spring Statement—Private Client analysis

This Practice Note draws together content on the fiscal events throughout the tax year 2018–19 starting with the release of draft provisions for...
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25th Sep

Popular documents

LEXISNEXIS

Rescission of a contract

What is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual positions•the main grounds of

LEXISNEXIS

Contract interpretation—express terms in contracts

Express and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made (or there may be a combination of written and oral

LEXISNEXIS

Ad hoc arbitration—an introduction to the key features of ad hoc arbitration

An ad hoc arbitration is any arbitration in which the parties have not selected an institution to administer the arbitration. This offers parties flexibility as to the conduct of the arbitration, but less external support for the process. It can be quicker than institutional arbitration but not if

LEXISNEXIS

Third party rights—the common law doctrine of privity of contract

This Practice Note discusses the common law doctrine of privity of contract; the equitable and statutory exceptions to it; how the doctrine affects enforcing a contract against a third party and what happens when, notwithstanding the lack of privity, a contract has an indirect effect on a third