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Important Changes Affecting Trusts

Wills & Probate

We provide the following guidelines on two relevant matters which have arisen as a result of legislative changes and have an impact on trusts (including testamentary trusts) which relate to:

  • changes to the excepted (exempt) income for minor beneficiaries under testamentary trusts; and
  • the impact upon all trust deeds regarding foreign persons as beneficiaries. I am inserting the concluding section first but suggest that you read the further information below to which my comments and recommendations relate. The information is provided as a guide without providing specific advice to any client. Click here to download the comments and recommendations