A trust is created when the legal ownership of property is transferred to or vested in a trustee who thereafter is required by law to manage and administer the property for the benefit of beneficiaries...

The history, background and legal system of Guernsey fiduciary environment.

The main Maltese legislation regulating trusts in Malta, namely the Trusts and Trustees Act, Chapter 331 of the Laws of Malta ('the Act')...

A trust is a legal and equitable relationship pursuant to which a person, called a trustee, is required to hold and manage property in the best interests of another person or other persons, called beneficiaries.

The role of the Trustee is a crucial one in administering trusts. The Trustee will hold property for the benefit of the beneficiaries of the trust and must carry out the powers and duties...

In "Mayer v. Mayer", 2013 BCSC 1958, the BC Supreme Court ruled on the following issues:

The Department of Finance has taken the first step towards implementing a central register of the beneficial ownership of trusts, as required by the Fourth and Fifth Money Laundering Directives

Being named a trustee in California is an honor that carries serious legal responsibilities because your actions determine whether families experience smooth trust administration or costly litigation.

O'Neal Webster is pleased to announce that the 'firewall' provisions in the BVI's Trustee Act are now to be made more robust as a result of amendments to section 83A of the Trustee Act which to...

Gaming operators have an obligation at law to segregate and protect their players'/customers' funds. This obligation is not only locally imposed but it has also achieved international standing around the globe.

The U.S. Tax Court recently issued a taxpayer favorable opinion regarding how a trust materially participates in its activities.

As we previously reported, the American Taxpayer Relief Act of 2012 (the "Act") made the following permanent: (1) the reunification of the estate and gift tax regimes, (2) the $5 million estate, gift and generation-skipping transfer ("GST") tax exemptions, as increased for inflation (as discussed below), and (3) portability.

In this mini-series of articles, we explore the role of protectors insofar as the same can be identified in general terms, although it will, of course, always be necessary to have regard to the express terms of the trust instrument ...

The popularity of lifetime trust giving in the UK has been on a downward trend since April 2006 when the Labour government introduced reforms specifically aimed at stopping trusts "being used...

Oliver has written for Trusts and Trustees about Beddoe applications – his piece considers the nature of Beddoe applications, how they compare with other categories of trustee applications...

Two recent acts of Congress (including the rather interestingly named Protection of Americans from Tax Hikes Act) created new audit rules for partnerships.

The Department of Finance has published the European Union (Anti-Money Laundering: Beneficial Ownership of Trusts) Regulations 2019 which came into effect on 29 January 2019.

In an important judgment, the Deputy Bailiff of the Royal Court of Jersey has clarified the Jersey law position in relation to two points. Firstly, whether the object of a mere power has standing to sue for breach of trust against trustees. Secondly, whether the principle of 'reflective loss' is directly applicable to a discretionary trust which wholly owns a company.