Abstract
This article examines common mistakes in practice when dealing with trusts, in particular: In deceased estates where a testamentary trust has not been created under an will; Where a family discretionary trust is, in reality, a bare trust. That is, where the entitlement of a beneficiary to income, corpus or both is determined by the trustee exercising a power to make that selection from time to time; and Where the trust is a sham.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
