Reviewing your Trust   

Trust deeds of today are very flexible as opposed to deeds written years ago.  Sometimes situations change and a trust deed no longer works the way it was intended. 

If you have an old trust deed, it may be beneficial to have the deed reviewed so that it can “catch up” with law changes and offer as much flexibility as possible within the laws of today.

We would be happy to review your existing trust deed to see whether it needs to be varied, or even resettled onto a more modern trust. 

In reviewing a trust deed, we would consider the more important aspects of the deed as follows:

•   Who the beneficiaries are;
•   Who has the power to appoint beneficiaries and trustees?
•   Who has the power to appoint trustees of the Trust;
•   Whether there is the power to change the trust deed;
•   Whether trustees’ decisions are unanimous or by a majority;
•   Whether there is specific protection for the trustees;
•   That the end date of the trust is clear;
•   That your will ties in with the trust;
•   That you have a memorandum of guidance for the trustees (similar to a will for your trust).

There will be other factors to take into account when reviewing a trust deed which are dependent on a particular situation and trust set up.

Please contact us if you would like us to review your trust deed.