Duty to prepare trust accountsUnder the laws of England and Wales, trustees have a duty to account to the beneficiaries for their financial administration of the trust...
The office of trusteeThe trustees’ role is to hold the assets of the trust for the benefit of the beneficiaries. To assist the trustees in this task, they are given...
IntroductionTo prevent assets being tied up in trust indefinitely, the Courts developed the rule against perpetuities (which prevents trusts lasting for more than a set...
When is it advisable to wind up a trust?Winding up a trust involves paying off all liabilities and then distributing the remaining funds to beneficiaries in accordance...
The essential nature of a trust is that trustees do not hold the trust property for their own use and benefit, but they manage and administer it for beneficiaries. Trusts...
Meaning of resettlement, variation and partitionThe trustees or the beneficiaries of a trust may wish to change the way in which the trust operates; or they may wish to...
An adviser who is drafting a settlement will, at a basic level, be carrying out the wishes of the settlor or the testator. The adviser is also responsible to ensure that...
Trustees have responsibility for the administration of any assets of which they are trustees. The nature of the assets may be specified in the trust deed, or may be a...
Interest in possession trustsThe income of an interest in possession trust belongs to the life tenant. The trustees can decide to pay income direct to the beneficiary as...
Trusts created by a WillA Will trust is created by writing the terms of the trust into a Will. There are many types of trust that can be created by a Will. It is...
Duty to prepare trust accountsUnder the laws of England and Wales, trustees have a duty to account to the beneficiaries for their financial administration of the trust...
The office of trusteeThe trustees’ role is to hold the assets of the trust for the benefit of the beneficiaries. To assist the trustees in this task, they are given...
IntroductionTo prevent assets being tied up in trust indefinitely, the Courts developed the rule against perpetuities (which prevents trusts lasting for more than a set...
When is it advisable to wind up a trust?Winding up a trust involves paying off all liabilities and then distributing the remaining funds to beneficiaries in accordance...
The essential nature of a trust is that trustees do not hold the trust property for their own use and benefit, but they manage and administer it for beneficiaries. Trusts...
Meaning of resettlement, variation and partitionThe trustees or the beneficiaries of a trust may wish to change the way in which the trust operates; or they may wish to...
An adviser who is drafting a settlement will, at a basic level, be carrying out the wishes of the settlor or the testator. The adviser is also responsible to ensure that...
Trustees have responsibility for the administration of any assets of which they are trustees. The nature of the assets may be specified in the trust deed, or may be a...
Interest in possession trustsThe income of an interest in possession trust belongs to the life tenant. The trustees can decide to pay income direct to the beneficiary as...
Trusts created by a WillA Will trust is created by writing the terms of the trust into a Will. There are many types of trust that can be created by a Will. It is...