News and Insights

Trusts & Succession Act: what are the changes for Trusters to be aware of before they become law in 2024.

The Trusts & Succession (Scotland) Bill was passed at the Scottish Parliament on 20 December 2023, David Mowlem provides an update.

John Stirling discusses the essence of family protection and the importance of being aware of the differences between trusts, nuptials and cohab agreements.

Although there are many similarities in trust law, it is important to note the key differences between Scotland vs England & Wales.

An overhaul of Scotland’s trust law is long overdue, and the new Bill will go a long way to bring it up to date.

We explore the duties of Trustees and what advice Trustees should be taking in order to meet their obligations.

The Trusts and Succession (Scotland) Bill was introduced to the Scottish Parliament on 22 November 2022.

August 19th, 2021 marked the centenary of the Trust (Scotland) Act 1921, the last substantive act on trust law in Scotland.

Following the Finance Act in 2017, a new category of “deemed domicile” was introduced into the UK’s Inheritance Tax regime.

With domicile being incredibly fluid in this modern world, cross-border estates are becoming commonplace.

The Trust Registration Service (“TRS”) was created by HM Revenue Customs in 2017 to create a register of trusts in the UK.