In this episode, Carol Hawking and Georgia Collier from Clarke Willmott discuss 'the niggly bits' in Trusts, including the definition of a trust, different types of trusts, capacity of trustees, use of trustee powers, and common issues that arise.
The conversation covers the importance of reviewing the trust document and understanding its powers and limitations. They also discuss the role of lay trustees and the benefits of appointing professional trustees.
Other topics covered include insurance products in trusts, changing trust provisions, tax consequences of trust actions, and the importance of keeping the letter of wishes up to date.
To find out more, visit www.clarkewillmott.com

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