The Most Common Trust Errors

Trusts are an essential part of the Private Client Practitioner’s Toolbox but it is surprising how often mistakes are made. This session will look at some of the common mistakes and how to avoid them.

• Not reading the trust deed
• Using an out of date precedent
• Not setting up the trust correctly
• Overlooking the rule against self-dealing
• Forgetting about fraud on a power
• Mis-managing appointments and retirements of trustees
• Tax errors
• Faulty trust documentation
• Faulty applications to court

Professor Lesley King, Professional Development Consultant, University of Law