Compliance for trusts

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Practice notes
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 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
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
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
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
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
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
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
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
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
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
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 partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
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9th Nov
Practice notes
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
Practice notes
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
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

Most recent Compliance for trusts content

Practice notes
This Practice Note discusses the impact of Brexit on the general processing of personal data under the General Data Protection Regulation, Regulation...
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16th Apr
Practice notes
This Practice Note is the first of two Practice Notes covering the data protection regime and its application to trustees. In this Practice Note, the...
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Produced in partnership with Alan Baker and Owen O'Rorke of Farrer & Co 16th Apr
Practice notes
STOP PRESS: On 15 March 2021, HMRC announced that the original deadline of 10 March 2022 for registering trusts with the Trust Registration Service...
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Produced in partnership with Gemma Davies of BDO 16th Apr
Practice notes
FORTHCOMING CHANGE: The EU Fifth Anti-Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force...
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16th Apr
Practice notes
STOP PRESS: On 15 March 2021, HMRC announced that the original deadline of 10 March 2022 for registering trusts with the Trust Registration Service...
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16th Apr
Practice notes
FORTHCOMING CHANGE: The EU Fifth Anti-Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force...
Read More >
16th Apr
Practice notes
FORTHCOMING CHANGE: The EU Fifth Anti-Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force...
Read More >
16th Apr
Practice notes
On 31 January 2020, the UK ceased to be a member of the EU and EEA. Given the extensive data flows between the EEA and UK, equivalent EEA data...
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Produced in partnership with Pillsbury Winthrop Shaw Pittman LLP 12th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.The Fourth Money Laundering Directive (4MLD), replacing the Third Directive which...
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9th Apr
Practice notes
BREXIT: The Retained Regulation (EU) 2016/679 (UK GDPR) regime will replace the General Data Protection Regulation, Regulation (EU) 2016/679 (EU GDPR)...
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Produced in partnership with Peter Wright of Digital Law 9th Apr
Practice notes
A distinction should be drawn between disclosure by the trustees under trust law, due to the rights of beneficiaries to receive information and...
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9th Apr
Practice notes
STOP PRESS: On 11 March 2020, the Court of Appeal issued a judgment allowing both appeals in the Dawson-Damer v Taylor Wessing LLP case as to (1)...
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Produced in partnership with Adam Carvalho, Owen O'Rorke and Alan Baker of Farrer & Co 9th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.Lawyers and the companies they advise need to understand what their sanctions...
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8th Apr
Practice notes
This Practice Note provides a summary of the UK GDPR regime. The processing of personal data by competent authorities for law enforcement purposes or...
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24th Mar
Practice notes
On 31 January 2020, the UK ceased to be a member of the EU and EEA. This Practice Note introduces:•the General Data Protection Regulation, Regulation...
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24th Mar
Practice notes
This Practice Note explains, in simple terms, the key features of the UK General Data Protection Regulation (UK GDPR). See also Precedent: Data...
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24th Mar
Practice notes
CORONAVIRUS (COVID-19): Certain aspects of the PSC regime are affected by temporary measures introduced to mitigate the consequences of the...
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17th Mar
Precedents
We take your privacy very seriously. Please read this privacy notice carefully as it contains important information on who we are and how and why we...
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8th Mar
Precedents
We take your privacy very seriously. Please read this privacy notice carefully as it contains important information on who we are and how and why we...
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8th Mar

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