Subjects:

Equity and Trusts, Wills and Probate

Contents:

FA 2006: The Raid on Trusts

First Principles

Style

Principles of Interpreting Trust Documents

Beneficiaries

Trustees

Trustees Powers

Trust Property

The Rule Against Perpetuities

General Provisions of a Trust

Drafting and Understanding Overriding Powers (Appointment, Re-settlement and Advancement)

Exercising Overriding Powers

Settlor Exclusion and Default Clauses

Lifetime Interest in Possession Trusts

Discretionary Trusts

Provisions Inconsistent with IP and IHT Special Trusts

Will Trusts

Wills and Care Fee Planning

Administrative Provisions

Bare Trusts

Trusts of Life Insurance Policies

Charitable Trusts

Trusts of Damages

Trusts for Disabled Beneficiaries

Governing Law, Place of Administration and Jurisdiction Clauses

Restricting Rights of Beneficiaries

Stamp Duty and SDLT

Execution of Wills and Trust Deeds

Nil Rate Band Trusts

Appointment and Retirement of Trustees

Indemnities for Trustees

Precedents

STEP Standard Provisions

Annotated Bibliography

Useful Websites

Key features:-

• Explains the issues in drafting trusts and will trusts, the choices that have to be made arid the issues that concern the settler. and testator
• Helps ensure practitioners can make the best tax planning judgements and prepare trust documents which prec~e!yrneet client requirements and reflect up-to-date trust and tax
• Covers all the technical issues involved in drafting settlements, common mistakes and traps, which matters are essentialand which may be safely omitted, to ensure practitioners draft the most accurate, reliable and appropriate trust
• Updated to take into account the latest legislation including the Civil Partnership Act and Finance Act 2006 which has had profound implications on trust drafting
• Contains expert commentary on drafting plus guidance on the relevant law and tax issues
• Written in an easy to understand style enabling the less experienced drafter to understand the more complex issues
• Offers an extensive selection of precedents to suit a wide range of trust requirements
• Precedents are drafted in a straightforward and modern drafting style which avoids outdated and unnecessary complexities
• Includes precedents on a CD-ROM which saves re-keying and makes precedents available for immediate use