Publisher's Synopsis
A prime requirement in creating an effective trust is to ensure that it meets the needs of the parties involved, within today's legal requirements, and affords the fullest possible protection against outside predators, not least the tax man. "Practical Trust Precedents" contains all the material needed to create airtight trusts with allowances for flexibility to meet changing needs. It provides complete documents, alternative and additional clauses, ancillary documents, and documents for special situations - all backed by expert commentary. Four core precedents are included for the major types of trust: accumulation and maintenance trust; non-interest in possession (or discretionary) trust; interest in possession trust; insurance trusts; public trusts, primarily charitable. The work will enable trusts to be drafted which: serve the required purpose; allow flexibility so that changes and enhancements can be made; meet today's legal requirements; and offer the necessary protection against the rigours of taxation. The full text of the precedents is now also available on disk in Word format to enable speedy drafting of documents without the need to re-key.
