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...
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...
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...
Overview of the types of death in service benefits and their tax treatmentThere are three types of death in service benefit:•the registered group life...
Brexit impactAs of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
Individual savings accounts (ISAs) are tax-free funds in which UK residents can hold a range of different investments. Originally, these were cash or...
This Practice Note looks at the benefits which are payable where a member of an occupational or personal pension scheme dies before retirement without...
Membership of an occupational or personal pension scheme affords the opportunity to utilise the tax reliefs available during working life to save for...
In the UK the overwhelming majority of pension schemes in the private sector, ie both occupational and personal pension schemes, are established under...
Case studyWhere shareholders of a private company had an intention and mutual understanding to write life and critical illness policies in trust for...
HMRC has confirmed that a refund of member contributions payable on a member’s death under the scheme rules is a defined benefit payable as a defined...
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Scottish Law
