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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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19th May
Precedents
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
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19th May
Practice notes
Trustees—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
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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
Relief for income tax lossesReliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer...
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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
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...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 19th May
Practice notes
Capacity to litigateOn the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without...
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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
Costs and expenses in the Court of ProtectionThere are court fees and disbursements which will be payable by all applicants on making a new...
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19th May
Practice notes
Acceptance in Lieu scheme and other heritage property reliefsSTOP PRESS: HMRC has updated its guidance on calculating the special price in Acceptance...
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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
Offshore trusts—offshore income gains (OIGs)Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are...
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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

Most recent Trustees content

Q&As
Can refusal to attend trustee meetings be used as evidence in a court application to remove a trustee?The court’s power to remove a trustee (whether...
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Produced in partnership with Oliver Hilton of Radcliffe Chambers 15th Aug
Q&As
When completing an IHT100 on the creation of a trust, do you need to register the trust online with HMRC if there is no tax payable?Any trust which is...
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15th Aug
Q&As
If a trustee loses capacity does their EPA attorney have power to appoint a new trustee?Our Practice Note: Trustees—appointment of trustees contains...
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15th Aug
Q&As
Do the beneficiaries of a trust with a vested income in interest but not capital until age 35, have power to invoke section 19 of the Trusts of Land...
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15th Aug
Q&As
Can an attorney appointed under a Lasting Power of Attorney (LPA) exercise the functions of the donor as trustee (if, for example, the donor has...
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15th Aug
Q&As
Can land be held on trust for a partnership by a person who has yet to be admitted as a partner?Partnership propertyA partnership will normally be...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 15th Aug
Q&As
Can an appointor ‘retire’ as appointor and if so, does the statutory power of appointment of new trustees vest in the remaining trustees?The Trustee...
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15th Aug
Q&As
Where one of several trustees has gone missing, what authority do the remaining trustees have to appoint a replacement?Trustee Act 1925 (TA 1925),...
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15th Aug
Q&As
What is the statutory age for trusteeship? I am aware that a director of a company can be 16 years old but what about a trustee of a trust or other...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 15th Aug
Q&As
Does the restriction in section 36(9) of the Trustee Act 1925 (TA 1925) (requiring the Court of Protection’s approval before an incapacitated trustee...
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Produced in partnership with Graham Stott of 3 Paper Buildings 15th Aug
Q&As
Where there are only two trustees of a settlement and one resigns due to a conflict, what administrative powers does the remaining trustee hold?Powers...
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15th Aug
Q&As
If a new trustee is appointed at a trustee meeting without a deed of appointment, is the appointment valid?For the purposes of this response, we have...
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15th Aug
Q&As
Is a deed of appointment always required when appointing capital out of a discretionary trust?Generally, a deed of appointment is not always necessary...
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Produced in partnership with Helen Galley of XXIV Old Buildings 15th Aug
Q&As
Can a parent use funds they have deposited into a bank account for their child to pay for the child's school fees?The powers and duties of the parent...
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15th Aug
Q&As
How many trustees should sign a contract for it to be binding on all trustees? Does it make any difference if the trust is an occupational pension...
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15th Aug

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