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A new edition of the very successful book on Drafting Trusts and Will Trusts in Canada, fully revised and updated to take into accounts new developments in Canadian trusts law and practice since the first edition was published in November 2003.
Trust drafting is a professional skill, requiring extensive knowledge of trust law, succession law, a fair amount of tax law, some property law and even some insolvency and family law. Until the first edition of this text there was no general text on the practical aspects of trust drafting – the publication changed that, fulfilling to aid general practitioners by discussing general and technical issues which arise in the drafting of trusts and will trusts, and to provide expertly-crafted precedents (which are also available in a CD which accompanies the book.
The precedents adopt a drafting style which reads simply & naturally, but most importantly, are accompanied with an explanation of why the text is there and the choices that have to be made. The commentary (which takes up over 300 pages in comparison to about 50 pages of precedents) is crucial as the adoption of a precedent without understanding it fully is a recipe for trouble.
The commentary discusses not only all the different types of trusts used in Canada and the different rules (in all Canadian jurisdictions) which pertain to them, but also focuses on such topics as first drafting principles, drafting style, beneficiaries, trustees and also includes a glossary of trust terms.
The new edition will contain the following key changes:-