Termination of trusts

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Practice notes
Liferent trusts—ScotlandLiferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both,...
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Produced in partnership with Peter Murrin of Turcan Connell 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...
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Produced in partnership with Mourant Ozannes and Carey Olsen 19th May
Practice notes
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
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19th May
Practice notes
Private Client—Luxembourg—Q&A guideTaxation regimeWhat factors determine tax liability in your jurisdiction (eg domicile, residence or...
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Produced in partnership with Eric Fort of Arendt & Medernach 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...
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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...
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19th May
Practice notes
Trustees—removal of trusteesA trustee may be removed against their will in any of the following ways:•under an express power in the trust...
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19th May
Q&As
At what stage and to whom can a Deed of Appropriation take place when selling a second property in an estate?We assume you refer to the situation when...
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19th May
Practice notes
Creation of trusts—blind trustsWhat is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the...
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Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 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,...
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19th May
Practice notes
Assessment for residential accommodationCoronavirus (COVID-19): The content of this Practice Note is temporarily affected by the coronavirus...
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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...
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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...
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19th May
Practice notes
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
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19th May
Practice notes
Statutory Wills—Court of Protection applicationsWhat is a statutory Will?Where a person is incapable of making a valid Will for themselves, the Court...
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19th May
Practice notes
Cayman Islands STAR trusts—common usesThis Practice Note provides guidance on Cayman Islands STAR trusts. For general information about the Cayman...
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Produced in partnership with Mourant Ozannes and Carey Olsen 19th May

Most recent Termination of trusts content

Q&As
Who pays the inheritance tax due on a failed PET where the PET was on the termination of an interest in possession trust during lifetime with trust...
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Produced in partnership with Chris Bryden of 4 King’s Bench Walk 1st Aug
Q&As
When a Foreign Account Tax Compliance Act registered trust is terminated, do any steps need to be taken to deregister the trust?It is important to...
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1st Aug
Q&As
Does a trust have to be formally wound up or can it remain even though all the money in the trust has been distributed to beneficiaries?An express...
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1st Aug
Q&As
The settlor of a life insurance trust wishes to terminate the trust and have the policy transferred to them so that the proceeds of the policy will...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 1st Aug
Q&As
Can the remainderman of a life interest trust disclaim their interest? What are the IHT consequences of the remainderman disclaiming their interest on...
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1st Aug
Q&As
Where a pilot trust holds £10 and this is paid back to the settlor, does this effectively terminate the trust?An express trust may come to an end in a...
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1st Aug
Q&As
Where a trust instrument grants a particular person a power to terminate the trust, what issues should that person and the trustees consider before...
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1st Aug
Q&As
How do you terminate a deed poll relating to a trust? Would all of the beneficiaries need to agree to this?A deed poll is a deed made by and...
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1st Aug
Q&As
What would be the position of a life tenant of a trust should the leasehold interest, under which they occupy the property, expire?This Q&A does not...
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1st Aug
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...
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1st Aug
Q&As
Does a deed of revocation need to be executed in order to revoke a declaration of trust and, if so, do you have a Precedent?We refer you to Practice...
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1st Aug

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