New trusts from 22 March 2006 will not qualify as an accumulation and maintenance trust (see ¶62575) but trusts for a bereaved minor created under a will or intestacy will not come within the relevant property regime.

A ‘trust for a bereaved minor’ applies to settled property (including property settled before 22 March 2006) held on trust for the benefit of a person under the age of 18, at least one of whose parents has died, where the trust is created in one of the following circumstances:

(1)under the will of a deceased parent of the bereaved minor;

(2)under a ‘statutory trust’ arising on an intestacy; and

(3)under the Criminal Injuries Compensation Scheme.

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