Creation of trusts

View Private Client by content type:

Latest Private Client News

Featured Private Client content

Practice notes
Capital gains tax issues on deathSTOP PRESS: The Office of Tax Simplification published its first report on the review of capital gains tax (CGT) on...
Read More >
19th May
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...
Read More >
Produced in partnership with Mourant Ozannes and Carey Olsen 19th May
Practice notes
Private Client—Luxembourg—Q&A guideTaxation regimeWhat factors determine tax liability in your jurisdiction (eg domicile, residence or...
Read More >
Produced in partnership with Eric Fort of Arendt & Medernach 19th May
Practice notes
Creation of trusts—beneficiariesWho may be beneficiariesEvery person who would be capable of owning property if of full age and sound mind may be a...
Read More >
19th May
Practice notes
CGT—giftsA gift of an asset is a disposal for capital gains tax (CGT) purposes. It can, therefore, trigger a CGT charge on the gain deemed to have...
Read More >
Produced in partnership with Laura Poots (Barrister) of Pump Court Tax Chambers 19th May
Practice notes
CGT—reliefsFORTHCOMING CHANGE: On 14 July 2020, the Office of Tax Simplification (OTS) published its online survey and a call for evidence to seek...
Read More >
19th May
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...
Read More >
19th May
Practice notes
The Cy-près doctrineFORTHCOMING CHANGE: On 22 March 2021, the government published its response  to the Law Commission’s report of 14 September 2017,...
Read More >
19th May
Practice notes
Relief for income tax lossesReliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer...
Read More >
19th May
Q&As
Can a life tenant in a Will bring a life interest to an end by choosing to end it themselves or does it only expire on death?Life tenantsA life...
Read More >
Produced in partnership with Lynne Counsell of 9 Stone Buildings 19th May
Practice notes
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
Read More >
19th May
Practice notes
Costs and expenses in the Court of ProtectionThere are court fees and disbursements which will be payable by all applicants on making a new...
Read More >
19th May
Practice notes
Trust disputes—court jurisdiction and procedureTrust litigation has been classified as being of three types:•a dispute as to the trusts on which...
Read More >
19th May
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...
Read More >
19th May
Practice notes
Trustees—power of advancementWhere a beneficiary either:•is a minor (ie under the age of 18) and unmarried or•has attained majority or has married...
Read More >
19th May
Practice notes
Discretionary trusts—ScotlandWhat is a discretionary trust?A discretionary trust or discretionary settlement is an arrangement created when an...
Read More >
Produced in partnership with Peter Murrin of Turcan Connell 19th May

Most recent Creation of trusts content

Practice notes
Beneficial ownership registers—private clients and trustsCORONAVIRUS (COVID-19): Certain aspects of the PSC regime are affected by temporary measures...
Read More >
15th Jul
Practice notes
Creation of trusts—trusteesAppointment of original trusteesThe trustees must be clearly identified in the settlement deed. For example:'THIS...
Read More >
6th Jul
Q&As
Does a trust of a property permitting occupation as a residence by one beneficiary (after which the property will pass to the residuary beneficiaries)...
Read More >
5th Jul
Practice notes
Creation of trusts—taking instructions for a trustThe Solicitors Regulation AuthorityThe Solicitors Regulation Authority (SRA) Codes of Conduct,...
Read More >
5th Jul
Precedents
Trust for the disabled—discretionaryThis TRUST is made on [date]Parties1[settlor] of [address] (the Settlor) and2[original trustees] of [addresses]...
Read More >
1st Jul
Precedents
Letter of wishes—discretionary trust[title eg Letter of wishes regarding [trust name]][date]To the trustees of [insert trust name] dated [insert date...
Read More >
1st Jul
Q&As
Can a gift be made to an unincorporated association or because it isn't a legal entity in its own right does the gift need to be made to the members...
Read More >
1st Jul
Precedents
Bare trustThis TRUST is made on [date]Parties1[settlor] of [address] (the Settlor) and2[original trustee] of [address] and [original trustee] of...
Read More >
30th Jun
Practice notes
Creation of trusts—by declarationExpress lifetime declarationsWhere a trust is created by an express lifetime declaration, the settlor simply declares...
Read More >
11th Jun
Q&As
Can a company be a discretionary beneficiary under a discretionary trust?The nature of discretionary trustsThe nature of a discretionary trust is...
Read More >
Produced in partnership with Lynne Counsell of 9 Stone Buildings 6th Jun
Q&As
Is it possible to create a Will with a life interest trust of a mobile home? If so, are there any issues to be aware of?The occupier of a mobile home...
Read More >
6th Jun
Q&As
Where joint owners (H and W) wish to settle two properties on trust, how many trust deeds are required? What formalities are required at the Land...
Read More >
6th Jun
Q&As
What impacts, if any, do the SDLT regulations have on personal injury trusts?There do not appear to be any direct SDLT rules that applying...
Read More >
6th Jun
Q&As
Who is entitled to the trust assets where all the potential beneficiaries of a discretionary trust (created via a Will) have died and there is no...
Read More >
6th Jun
Q&As
Where an individual’s life assurance policy covers death and terminal illness, is it possible to assign the death benefit alone into trust? What...
Read More >
6th Jun
Q&As
When an estate is left to children by their deceased parent until they reach the age of 23, is it classed as a 18–25 trust?The so-called 18–25 trust...
Read More >
Produced in partnership with Paul Davies of Clarke Willmott 5th Jun

Popular documents