Legacies

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Practice notes
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
Precedents
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
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
Practice notes
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
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
Trust litigation has been classified as being of three types:•a dispute as to the trusts on which trustees hold the subject matter of the settlement•a...
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9th Nov
Practice notes
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
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
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
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
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
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
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
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...
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9th Nov
Practice notes
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...
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Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 12th Jan
Practice notes
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...
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9th Nov

Most recent Legacies content

Practice notes
Gifts to Specified CharitiesWhen drawing up a will which includes one or more gifts to individual charities, extra care and thought is needed. The...
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9th Apr
Practice notes
Gifts to Specified CharitiesWhen there is a gift to a specified charity there are a number of areas that should be checked carefully and precautions...
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9th Apr
Practice notes
It has been Government policy for centuries to encourage charitable giving. Tax relief plays a key role in this policy. Charities (defined as either...
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9th Apr
Practice notes
It sometimes happens that charity trustees or the executors of a will containing a gift for charitable purposes find themselves under a moral...
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9th Apr
Q&As
The answer to this Q&A will depend on the exact wording of the Will and the current status of the churches named. In particular, the personal...
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22nd Jan
Q&As
A transfer of value to qualifying charities is exempt regardless of its value or how it is made—as an outright gift, into a fixed interest trust, or...
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22nd Jan
Q&As
How to administer the particular legacy in question will depend fully on the precise wording of the Will, on which we cannot comment.In general terms,...
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22nd Jan
Q&As
The traditional method of leaving gifts to a charity to promote its services is either by a specific gift to the charity, in which case it will be...
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29th Nov
Q&As
Charity law and duty of careIt is not clear from the question how the charity is constituted.The people who serve on the governing body of a charity...
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29th Nov
Q&As
Effect of a charity changing its name on the validity of a gift in the WillWhere nothing is said in the Will clarifying or modifying what is to happen...
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29th Nov

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