Drafting Trust Deeds in Scotland - Top Tips & Techniques

Introduction

Aimed at private client lawyers looking to improve their drafting skills, this short webinar will focus on best practice when drafting trust deeds.

The webinar will explore various clauses contained within bare, liferent and discretionary trusts and consider how best to word these so that the trust works effectively and achieves its aims for the duration of its life.

It will also look at drafting traps to avoid.

The webinar will also examine letters of wishes and how the careful drafting of these can assist with the ongoing administration of the trust once in existence.

Finally, it will cover how best to communicate complex trust concepts to clients and how to avoid overload of information when it comes to trust tax and compliance.

What You Will Learn

This short webinar will cover the following:

• Key clauses - how to word these appropriately to fit your clients’ needs now and in the future
• Definitions - the importance of defining individuals and interests for future clarity
• Appointment of trustees - different ways of appointing trustees to best suit your client’s needs, including use of protectors and powers of veto
• Letters of wishes - how these should be framed and tailored to suit everyone’s situation
• Summaries - explaining complex trust concepts in a client friendly way and how the use of a well worded summary can assist your client’s understanding of the trust deed itself

This webinar was recorded on 28th October 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.