575 results found

Charities managing multiple restricted funds face administrative challenges and underutilized resources when fund purposes become outdated or inflexible. This analysis explores how trustees can use statutory powers under the Charities Act 2011 to rationalize funds, modernize purposes, and unlock charitable assets for more effective use while respecting donor intentions.

Educational institutions holding cultural artefacts face mounting pressure to address the provenance and legitimacy of historic acquisitions.

New money laundering requirements came into effect on 26 June 2017 which impose new compliance obligations on trustees of occupational pension schemes.

Taxable UK trusts have been required to register on the HMRC trusts register since 2018 but now the 1 September 2022 deadline for the registration of most other UK trusts is nearly upon us.

On 18 September 2023, the Powers of Attorney Act received Royal Assent, having been introduced in 2022 and passed through Parliament unopposed.

When someone passes away, the responsibility of managing their estate often falls to family members or friends who may not fully understand the complexities involved. Acting as an executor without professional guidance can expose you to significant legal and financial risks that could have lasting consequences. Understanding these potential pitfalls is crucial before taking on this important role.

The Commercial Court has refused to continue proprietary injunctions against investors who received payments from collapsed UK bridging lender Market Financial Solutions (MFS) before its administration. The court found that investors whose investments were returned before the collapse were bona fide purchasers for value without notice, allowing them to take the monies free of any trust despite MFS's alleged misappropriation of funds intended for mortgage loan origination.

The ICS Design Framework, published in June 2021, was light on detail of place-based arrangements which many took to confirm the permissive approach to place as promised in the White Paper.

The claim arose from the long-running fallout from the multi-billion dollar dispute between the Al-Gosaibi family, Maan Al Sanea and the Saad Group of companies.

Given a free hand after 5 years of coalition economics, George Osborne was today very much expected to announce a truly Conservative budget. Did he?

Environmental, social, and governance (ESG) investing is increasingly on the agenda in the trust arena as beneficiaries and settlors are increasingly incorporating ESG data into decisions...

There has been a recent surge in demand for business owners wanting to sell their companies to their own staff through tax-efficient Employee Ownership Trusts (EOT).

From Harry Houdini's magic apparatus to Napoleon's locks of hair, discover how famous figures used their Wills to create lasting legacies with unusual and memorable bequests. Learn why clear testamentary wishes matter for protecting your own legacy.

Selecting a guardian for your children in the event of your death is one of the most critical decisions you'll make as a parent. Without proper planning through a Will, family disputes may arise and a judge could appoint someone unsuitable for your child's needs. Learn the essential factors to consider when choosing guardians, from emotional compatibility to practical circumstances, and discover how to formalize your wishes legally to protect your children's future.

So, you're thinking of creating a trust. You might wish to do that for tax reasons, or because you are concerned with protecting your assets for the future. Perhaps your priority is managing assets for a vulnerable loved...

HMRC published a technical consultation on 24 January 2020 seeking views on the amendments to the UK's Trust Registration Service, required to transpose the Fifth Money Laundering Directive into domestic law.

The trustees are appointed by the settlor and can be legal entities or physical persons.

An agreed exit for school staff via a settlement agreement may be trickier than you think…