//
archives

Trusts Bill

This category contains 2 posts

Two trustees go down to the woods … one is discharged, one is not

The use of corporate trustees is a common response to trustee liability.  However, where one of two natural person trustees retires and a corporate trustee is appointed, it is important to consider whether the retiring trustee has been discharged.  See ss 43, 45 and 46 of the Trustee Act 1956, which provide: Relevant Legislation 43 Power … Continue reading

draft Trusts Bill – further refinement

  If you are wondering where the Trusts Bill is at, well you are not alone.  The simple answer is, not here yet.  However, incremental progress is being made.  The Law Society recently reported back addressing some points that Ministry of Justice sought clarification on.  These related to the maximum duration of a trust, application of … Continue reading