Trusts and trustees
Acceptance of a grant
Accounts, duty to keep
Administrative powers, application to court for
As alternative to survivorship clauses
Bare trusts
Co-ownership
Confidentiality of wills
Courts, application to exercise powers
Devolution of property subject to power of appointment
General power of appointment
Hybrid power of appointment
Liabilities
Special power of appointment
Discretionary will trusts
Disposals after administration period
Disposals during administration period
Documents, obligation to disclose
Communications with trustees
Core documents
Court's power
Generally
Legal professional privilege
Letters of wishes
Proprietary right
Reasons
Duty of care
Expenses
Entitlement to reimbursement out of trust funds
Incidence of expenses in the estate
Interest on
Properly incurred expenses allowed
Inheritance tax on trust property (liability for)
Judicial trustee, appointment of
Application to alter representation
Appointment of judicial trustee
Costs
Each form of relief open to court
Generally
Judicial remedies
Misconduct
Principles on which court acts
Substitution
Life policy proceeds
Loans to estate
Non-resident will trusts
Personal representative becoming trustee after completion of administration
Change of duty on
Dealing with land
Generally
Other results of
Personal representatives as trustees
Powers of accumulation
Generally
Gifts to minors
Inheritance tax
Powers of appointment, property subject to
Powers of investment
Advice, duty to take
Common law principles
General power
Standard investment criteria, duty to have regard to
Wide statutory powers
Powers of land management
Acquisition of freehold and leasehold land
Beneficiaries, delegation of powers to
Consultation with beneficiaries
Generally
Powers to make agreements or compromises on external questions
Counsel's opinion
Duty in exercising
Extension of power by will
Legal advice, obtaining
Power to bind others
Restrictions
Wide statutory power to compromise
Prohibition to leave property by will
Property not available to settle expenses of estate
Realising/obtaining assets
Retention and sale of land
Trust income (including apportionment)
Trust registration service
Variation of disposition of estate
Application and procedure under Variation of Trusts Act 1958
Appointment out of discretionary will trusts
Under Trustee Act 1925 s. 57