Declaration of Trust

Declaration of Trust

When you jointly own a property with another party, it is essential to declare your ‘beneficial interests’ so your intentions are clearly set out from the outset, which can help avoid future confusion and disputes. The title at Land Registry will show the legal...
MLD5 and Trust Registration: Briefing Note – June 2022

MLD5 and Trust Registration: Briefing Note – June 2022

In 2020, a new HMRC Directive called the EU Fifth Anti-Money Laundering Directive (MLD5) came into force. It has the effect of significantly widening the scope of trusts that are required to register with HMRC’s Trust Registration Service (TRS), and trustees will need...

Trustee Powers and Duties Explained | Legal Advice

A fundamental part of a trustee’s role is managing the trust investments for the benefit of the beneficiaries. The beneficiaries are enabled by law to call the trustees to account for their actions and how they have invested the trust fund. It is therefore important...

The Use and Abuse of Trusts

Presentation by Martin Lewis at the Private Client Panel at the Saint   Petersburg International Legal Forum 2015 INTRODUCTION The great majority of off-shore trusts are probably ‘sham trusts’. That is to say, domestic and international trust law, official bodies...