Rest home care
After gift duty comes to an end from 1 October, one thing will still be clear: you can’t give everything away to a trust and then expect to rely on...
Rest home subsidies and the abolition of gift duty
Recently, much has been made of the government’s intention to do away with gift duty from 1 October.
Rush to Trust - or Maybe Not?
With the abolition of gift duty taking place on 1 October 2011, commentators are already predicting there will be a rush to transfer assets into trust, or to complete any...
Abolition of gift duty: Implication of family trusts
The announcement in October that the government intends to abolish gift duty will affect all people with current gifting programmes in place after the transfer of ownership of property into...
Trustee Nearly Bankrupted by the Construction Contracts Act
Taking on a trusteeship of a family trust has significant responsibilities and can have severe implications, something that many people do not realise when they agree to be appointed to...
Running a Family Trust
The Sunday Star Times recently published an article about Do-It-Yourself family trusts and how failure to manage them correctly can put the integrity of a trust at risk.
How is a Trust's Income Taxed?
Income earned by a trust can be either retained by the trust or it can be distributed to the trust’s beneficiaries.
Bankruptcy and Trusts
The present economic downturn has thrown up the problem of what to do when a settlor and/or a trustee becomes bankrupt. This article looks at possible remedies for both situations.
Loans and Capital Distributions to Beneficiaries
In the last issue of Trust eSpeaking (September 2008), we discussed the scenario that often occurs when trustees provide funds to beneficiaries, for example, to help in the purchase of...
Trust Busting
There is considerable power held by the courts to make orders under the Property (Relationships) Act 1976 (PRA) if relationship property has been transferred to trustees.