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...
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...
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...
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...
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...
This Deed of Appointment is made on [date] by [trustee] of [address] and [trustee] of [address] (the Trustees).Background(A)This Deed is supplemental...
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
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...
This guide sets out the requirements for executing deeds in various international jurisdictions. The table provides a quick-reference summary of the...
11pm (GMT) on 31 December 2020 marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU....
This Practice Note covers UK inheritance tax (IHT) issues in cross-border situations and deals with: actual and deemed domicile; double tax treaties...
Conversion into sterlingIt is a basic rule that, in order to calculate the UK tax, all income and gains must be expressed in sterling. Where income is...
UK practitioners will come across situations whereby complex US and UK tax issues arise for estates of decedents who were domiciled in the UK at death...
Application for Grant of ProbateGuernsey domiciled testatorThe probate jurisdiction in Guernsey is administered by the Ecclesiastical Court. The daily...
Tax domicile (domicile fiscal)Individuals are subject to French tax on a worldwide basis where their domicile fiscal is situated in France.Domicile is...
Interaction of matrimonial and other lawsMarriage can affect the rights of the parties in one or more of the following ways:Matrimonial contract and...
Many individuals have international connections that need to be considered when advising on succession planning. For example, they may have been born...
Tax auditsSelection of audit targetsIn Malaysia, taxpayers are required to determine their tax liabilities and assume responsibility for filing their...
Unilateral relief may be available as a credit against UK inheritance tax (IHT) where a tax of a character similar to IHT has been imposed on property...
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