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LATEST VIEW LEGAL BLOG

  • Is it the end of the trust as we know it?**
    Is it the end of the trust as we know it?**
    A critical aspect of every trust is the period for which a trust can last – often referred to as the perpetuity period or the vesting day of the trust.As a rule of thumb, any review of a trust deed that we perform always starts with checking the exact vesting date. We have had countless situations where this review has in fact led to the discovery that the trust itself has ended (in one instance, almost 7 years earlier).Generally, so long as steps are taken before a trust vests, it should be possible to extend the life of a trust to the maximum period allowed at law (ie the perpetuity period), …
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