With effect from 22 March 2006, a trust cannot be an accumulation and maintenance trust (see ¶364-450) at any time unless all of the necessary conditions (see ¶364-475) were satisfied immediately before that date and have continued to be satisfied since then (and see also ¶364-450 for the additional conditions that must be satisfied from 6 April 2008). Finance Act 2006 introduced a new category of trust, a ‘trust for a bereaved minor’ that does not come within the relevant property regime if the conditions discussed below are satisfied.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.