Author Description

This invaluable guide to the creation, administration and taxation of trusts has been comprehensively revised and updated to take account of the wide-ranging impact of the Finance Act 2006 on the Inheritance Tax treatment of trusts. The book offers practitioners useful guidance on how to: create and use good systems to avoid potential negligence claims for failing to invest correctly; avoid penalties for missing tax deadlines or for incorrectly assessing tax bills; delegate trust management functions and comply with the regulatory regime for practitioners; and, run an efficient trust department and improve profitability. The author's experience training practitioners ensures that the law of trusts and the relevant tax regimes are explained in an easily accessible way, and an accompanying CD-ROM contains a range of useful forms and checklists from the book that may be customised.