Termination of trusts

Termination of trusts guidance:

Duty to distribute to the correct beneficiaries On the termination of the trust, the trustees are under a duty to distribute the trust assets to the right beneficiaries....

Practice Note

Winding up the trust Before winding up the trust, the trustees must have paid or provided for all outstanding liabilities and identified the beneficiaries who are...

Practice Note

Duration of a trust The duration of an express trust is subject to the restrictions imposed by the rules against remoteness of vesting and against the creation of trusts...

Practice Note

Trustees have the right to indemnify themselves from the trust fund in respect of expenses, including: • administration costs • the costs of proceedings against third...

Practice Note