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Industry Insight

Industry Insight articles are paid-for content written by or on behalf of sponsors. If you would like to find out more about sponsored content, please contact Tony Hopkins at Think Publishing on +44 (0)20 3771 7251 or at tony.hopkins@thinkpublishing.co.uk

How do I gather financial information as an executor, attorney or deputy without being able to conduct my usual investigations?

1 June 2020

The Law Society Gazette, published by the Law Society of England and Wales, recently reported applications for grants of probate had fallen by 50 per cent since the beginning of UK lockdown. Initially this seems counter-intuitive, given that the BBC reported a spike in mortality at the beginning of April 2020. A casual review of social media channels would indicate that many private client practitioners are busier than ever.

An exemption clause protecting trustees can leave the trust vulnerable to claims

25 November 2019

The Trustee Act 2000 imposed a statutory duty on trustees with any unintentional breach of trust, leaving trustees vulnerable to personal and potentially unlimited liability: an uncomfortable reality for anyone taking on this unpaid voluntary role. Castleacre Director Hugo Johnsen examines the impact of exemption clauses on trustees, beneficiaries and trusts.

Is there a future for trusts after CRS?

21 October 2019

With wealth across Asia predicted to rise at a compound annual growth rate of 9.4 per cent to reach USD58.2 trillion by 2023, according to Boston Consulting Group, trusts are naturally growing in popularity. But the introduction of the Common Reporting Standard (CRS) has cast some doubt over the future of these structures in the region. Wendy Yeo TEP, Trust Director at Equiom Singapore, examines the future of trusts after CRS.

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