Trust Horror Stories Workbook

Many specialist advisers have business plans that consist of one word – ‘trusts’.

A significant reason for this is the myriad of seemingly never ending problems with trust deeds.

This Workbook complements other View trust related publications, particularly ’40 Forms of Trusts’, and explores numerous trust ‘horror’ stories.

All stories are shared with the aim of helping avoid similar problems arising in the future.

In addition to providing an overview of trusts generally and the key responsibilities of trustees, the Workbook provides detailed Checklists setting out some of the key issues to consider with 2 of the most prevalent trust structures, namely family (discretionary) trusts and fixed trusts.

A range of case studies (or horror stories) are then explained, including –

1. The one day trust
2. The missing beneficiary
3. When 1 trust became 2; but no-one knew it
4. 15 years of failed trust distributions
5. 1 trust, 2 deaths and 3 tax bills