For trustees, who are constantly required to balance the needs of the beneficiaries and the investment of the trust funds, this is a particularly trying time. Here we look at how you can deal with drops in the value of a trust estate or trust income, and what your obligations are as a trustee.
Legal Insights & Industry Updates
Life, business and the law
The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.
Latest articles from Jacqueline Leslie
A recent English court case has highlighted the importance of accuracy when drafting a Will. The case explored the interpretation of a Will and whether or not an interest in possession, or liferent, in a property had been established by its wording.
The Scottish Government has responded to a consultation that was carried out into reform of succession law in Scotland. This blog examines some of the key responses from the Scottish Government to proposals made in the consultation.
On 11 June 2015, HM Revenue & Customs issued draft technical guidance on the definition of a Scottish tax payer. The Scottish rate of Income Tax (SRIT), as introduced by the Scotland Act 2012, will be charged on the non-savings and non-dividend income of those defined as Scottish tax payers from April 2016.