You may have a trust for a variety of reasons, whether for asset structuring or estate planning purposes, or perhaps to benefit a charitable cause or community group. You could be the beneficiary of a particular trust settled by somebody ...
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The 2016 Supreme Court case of Clayton v Clayton found that a person’s “bundle of rights” in a trust (e.g. being a trustee, appointor, beneficiary and having powers to say remove other beneficiaries) could be considered an asset in that ...
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On 30 January 2021 the Trusts Act 2019 came into effect – increased trustee obligations
and disclosure requirements are now in force.
All trustees must now have regard to the mandatory and default duties set out in the Act. Trustees are also ...
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Those of you with a trust may recall from our article late last year that the rules under the new Trusts Act will come into force in six months’ time on 30 January 2021.
From 30 January 2021 trustees will be under increased obligations when ...
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The (long-awaited) review and reform of the Trustee Act 1956 has finally been completed. On 30 July 2019, the new “Trusts Act 2019” received royal assent. The new Act comes into effect on 31 January 2021 and replaces the old 1956 ...
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Anybody who has a trust or is a trustee should now be aware that the reform of trust law, which will see the Trustees Act 1956 replaced with a new Trusts Act, is winding its way through our parliamentary process. The new Trusts Act is likely to come ...
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September 2024
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