This On Demand was recorded on 8 March 2021.
For months now lawyers (and accountants) have been trying to get to grips with the new Trusts Act. Many trusts have already been wound up.
Now trustees will be faced with onerous new tax disclosure obligations at the end of the tax year commencing 1 April for the period from 1 April 2021.
Is it all getting too hard? Should clients be advised to wind their trusts up before 31 March?
What other options are available?
All lawyers who act as independent trustees and all practitioners who advise trustees on their duties and obligations. Accountants will also find this session useful.