The concept of a trust is in theory relatively simple – one party (the trustee) holds assets for the benefit of others (the beneficiaries). Counterintuitively, the relative simplicity of there being only a few core elements has meant there are almost a limitless number of forms of trusts. Indeed, over time advisers and clients alike have largely only been limited by their imagination in terms of the way in which they craft any particular trust deed.
This work book practically explores 40 different trust structures, including:
- The increasingly popular ‘GST’ structure
- All key forms of protective trusts
- Secret trusts
- International structures
- Perpetuity trusts
- Legitimate tax advantaged trusts
The workbook also has a number of key checklists for use when establishing a new trust or reviewing an existing trust.