You are here

Bloomsburry Family law

Comment

Self Assessment for the Elderly: How Trusts will be affected

Perhaps the most common form of Will Trust, after provision for the very young, is the provision of an income for an elderly dependent, often the widow. The provision may of course be the simple grant of a life interest or, where substantial sums are involved and other considerations apply, the trustees may have certain discretions. It is estimated that a very substantial proportion of all Will Trusts are administered without professional help, and many of these may have existed for years without the need for formal annual accounts. The income from the trust investments has been mandated to the tenant for life and as often as not the investments have lain undisturbed (save for the occasional take-over or rights issue) from year to year.

Planning Appropriate Life Interest Wills For Second Marriage Situations

Ralph Rays article (Volume 1 Issue 6) raises some interesting points on good practice and it may be helpful to look at possible areas where complaints could be raised by disappointed beneficiaries (who are only too alert these days to demanding higher standards of expertise by solicitors and other professionals).

Equity Release and Long Term Care

The Governments recent proposals on the funding of Long Term Care have increased awareness of the potential financing opportunities afforded by equity release schemes, Cecil Hinton analyses the effectiveness of the various schemes under these proposals, and calls for the products and the market to be regulated under the FSA.

Pages

Opsray