575 results found

The High Court has clarified the essence of a beneficiary's right to information about a trust. In surprising circumstances, trustees had denied that the Court could intervene ...

The Law Commission has issued its report on the fiduciary duties of investment intermediaries.

Trustees have a crucial role to play in a trust, which involves the management of assets which in essence belong to the beneficiaries.

The recent decision in House v Helme provides a timely reminder of the court's broad powers to remove executors and the personal costs risks faced by those who resist removal proceedings. This judgment offers a practical illustration of how delay, poor communication, conflicts of interest and litigation conduct can combine to justify removal, with potentially significant financial consequences for executors who choose to defend their position.

For many people, trusts are associated with tax planning or complex family wealth structures. In practice, trusts can be a valuable planning tool in a wide range of circumstances and are often used to provide protection, flexibility and long-term financial support for a range of individuals.

Those who have invested in UK property, shares or other assets using a trust need to take note of the new trust registration requirements in the UK.

Assessing the implications of an absence of affordable housing for teachers, and considering how schools' surplus land could provide solutions.

A family investment company (FIC) structure is a useful tool for wealthy parents to pass on future growth in their wealth to their children...

Many academy trusts raise additional funds to supplement government funding. This article covers points to consider when looking at income generation.

The EU's Fifth Directive on Anti Money Laundering (AMLD 5) will take effect from 10 March 2020. The Directive aims to bring transparency requirements for trusts into line with corporate ...

Draft regulations propose significant changes to the UK's Register of Overseas Entities and Trust Registration Service, expanding public access to trust information while introducing new exemptions and extended deadlines for certain trusts.

Major reforms to Scottish trust law are on their way following the Trusts and Succession (Scotland) Act 2024 receiving royal assent in January.

In Wood v Capita [2017] UKSC 24, Lord Hodge boldly declared that "the recent history of the common law on contractual interpretation is one of continuity rather than change".

This application arose in a claim in breach of trust issued on 25 September 2018 in respect of a trust called the ‘Puyol Trust'; one of three linked Trusts...

HM Revenue & Customs (HMRC) have recently confirmed details of the extension to their Trust Registration Service (TRS)...

What is an Excluded Property Trust (EPT)? It is a discretionary trust created by a settlor who is/was non-domiciled at the creation of the trust.

The UK Supreme Court and Privy Council delivered three judgments in 2022 which will be of practical interest to Isle of Man fiduciaries.