Is it clear exactly who the beneficiaries are? 4. Why Use Trusts? Trusts are versatile tools used for:
Safeguarding wealth from creditors or mismanagement. Tax Planning: Managing inheritance tax and capital gains. Equity and the Law of Trusts
AI responses may include mistakes. For legal advice, consult a professional. Learn more Is it clear exactly who the beneficiaries are
Equity is not a separate set of rules designed to replace the law; it exists to it. Originating in the English Court of Chancery, Equity was developed to mitigate the "harshness" of the Common Law. Equity and the Law of Trusts
The Trustee is held to the highest standard of conduct known to the law. They must act with , avoiding any conflict of interest and never profiting from their position unless specifically authorized.