Do you still need a Trust after February 2021?

DATE: Monday 19 October 2020
KEYWORDS: Trusts Act, professional trustees, asset testing, rest home subsidy and trusts

The new Trusts Act will impose new obligations on professional trustees. This will lead many to reconsider whether it is worthwhile to continue having a professional trustee, or even having a trust.

What does the new Trusts Act mean for you?

DATE: Friday 11 September 2020
KEYWORDS: Trusts Act 2019, new Trusts Act, beneficiaries’ right to information, investment duty, limitation of liability, incapacitated trustees

The Trusts Act 2019 will come into force on 30 January 2021. A new set of rules will apply to all Trusts and Estates.
Here are some of the implications.