Trusts – To Keep or Not to Keep

Since the Trusts Act 2019 came into force, trust lawyers have been inundated with requests to wind up trusts. The lure of simplification has prompted trustees to ask – “do we need to keep this trust?” The answer is not a simple yes or no, even for the most basic trust. Thought needs to be put into the decision-making process and options weighed carefully. This webinar will provide a clear overview of the key considerations practitioners should raise with trustees when bringing a trust to an orderly conclusion. This includes weighing the benefits of keeping the trust (if any), implications, and risks of a wind up, options for alternative family arrangements or structures, and ensuring trustee duties and obligations are discharged in accordance with the terms of the trust deed. It will also highlight practical steps and considerations practitioners should be alert to throughout the process.