| Bare trust for two or more beneficiaries under 18 (two settlors), with drafting notes A trust deed for two settlors to establish a bare trust for two or more beneficiaries who are minors (under 18). This standard document has integrated drafting notes. |
| Trustee resolution with drafting notes A standard document for a trustee resolution. This standard document has integrated drafting notes. |
| Appointing whole trust fund absolutely to several beneficiaries who receive different assets, deed with drafting notes A deed appointing the whole trust fund to two or more beneficiaries absolutely, where the beneficiaries receive different assets rather than shares in all the assets. This standard document has integrated drafting notes. |
| Trustee indemnity on retirement, deed with drafting notes A deed of indemnity for use when trustees are retiring and taking an indemnity from their successors. It includes limits on the indemnity and provisions for release. This standard document has integrated drafting notes. |
| Replacing trustees with fewer trustees, without continuing trustees, deed by appointor with drafting notes A deed to replace two or more trustees with fewer trustees, where an appointor is making the appointment and there are no continuing trustees. This standard document has integrated drafting notes. |
| Declaration of trust giving entire beneficial interest in life policy to one beneficiary, with drafting notes A declaration of trust making a gift of the donor's entire beneficial interest in a life assurance policy to one adult individual. This standard document has integrated drafting notes. |
| Declaration of trust where third party has beneficial interest A declaration by one or more individuals that they hold a property on trust for themselves and a third party beneficiary. This standard document contains integrated drafting notes, drawing attention to specific issues. You can elect to view the standard document with, or without, the integrated notes by using the options in the "Actions" box in the top right corner of the screen. See Standard clauses and drafting notes for clauses that can be used to adapt this document. |
| Letter of wishes: discretionary will trust (detailed clauses), with drafting notes A letter of wishes to use where a testator has made a will giving his trustees his residuary estate to hold on discretionary trusts and the testator wants to give his trustees guidance on a range of specific issues. |
| Power of attorney (specific) given by trustee to one individual attorney, with drafting notes A power of attorney under section 25 of the Trustee Act 1925 for a trustee who wants to delegate some of his trustee functions to one individual attorney in relation to a specific transaction. This standard document has integrated drafting notes. |
| Power of attorney (general) given by trustee to two individual attorneys, with drafting notes A power of attorney under section 25 of the Trustee Act 1925 for a trustee who wants to delegate all his trustee functions to two individual attorneys. This standard document has integrated drafting notes. |
| Declaration of trust over bank account: tenants in common in equal or unequal shares, with drafting notes A declaration of trust, with integrated drafting notes, declaring the trusts on which individuals hold a bank account as tenants in common in equal or unequal shares. |
| Bare trust for one beneficiary under 18 (one settlor), with drafting notes A trust deed for one settlor to establish a bare trust for one beneficiary who is a minor (under 18). This standard document has integrated drafting notes. |
| Capital gains tax: principal private residence relief: main residence nomination A standard letter to HMRC nominating a main residence for capital gains tax (CGT) principal private residence relief (PPR). |
| Power of attorney given by trustee: deed of revocation with drafting notes A deed to revoke a power of attorney given under section 25 of the Trustee Act 1925. This standard document has integrated drafting notes. |
| Power of attorney (specific) given by trustee to a corporate attorney, with drafting notes A power of attorney under section 25 of the Trustee Act 1925 for a trustee who wants to delegate some of his or her trustee functions in relation to a specific transaction to a corporate attorney. This standard document has integrated drafting notes. |
| Agreement for a loan from trustees to a beneficiary, with drafting notes An agreement for a loan from trustees to a beneficiary, with drafting notes. |
| Advancement under statutory power: whole trust fund to one beneficiary with contingent interest, deed with drafting notes A deed in which trustees exercise the statutory power of advancement (extended by the trust document) to distribute the whole trust fund to one beneficiary with a contingent interest. This standard document has integrated drafting notes. |
| Declaration of trust by individuals as tenants in common (floating shares) A declaration by two or more individuals that they hold a property on trust, as tenants in common, for use where the respective shares of the owners will be determined according to their contributions over time. This standard document contains integrated drafting notes, drawing attention to specific issues. You can elect to view the standard document with, or without, the integrated notes by using the options in the "Actions" box in the top right corner of the screen. See Standard clauses and drafting notes for clauses that can be used to adapt this document. |
| Adding trustees where no replacement, deed by appointor with drafting notes A deed to add new trustees, where no trustees are replaced and an appointor is making the appointment. This standard document has integrated drafting notes. |
| Power of attorney (specific) given by trustee to two individual attorneys, with drafting notes A power of attorney under section 25 of the Trustee Act 1925 for a trustee who wants to delegate some of his or her trustee functions in relation to a specific transaction to two individual attorneys. This standard document has integrated drafting notes. |
| Advancement under statutory power: whole trust fund to two or more beneficiaries with contingent interests, deed with drafting notes A deed in which trustees exercise the statutory power of advancement (extended by the trust document) to distribute the whole trust fund to two or more beneficiaries with contingent interests. This standard document has integrated drafting notes. |
| Replacing trustees with same number or more, with continuing trustees, deed by trustees with drafting notes A deed to replace one or more trustees with at least the same number of new trustees, where the current trustees are making the appointment (because there is no appointor) and there are one or more continuing trustees. This standard document has integrated drafting notes. |
| Where am I domiciled for tax purposes? Briefing notes for clients This is a briefing note for clients on domicile, in the context of UK tax. |
| Bare trust for one beneficiary under 18 (two settlors), with drafting notes A trust deed for two settlors to establish a bare trust for one beneficiary who is a minor (under 18). This standard document has integrated drafting notes. |
| Applying a 100-year perpetuity period to an existing trust, deed with drafting notes A deed applying a fixed 100-year perpetuity period to an existing trust with an uncertain common law perpetuity period under section 12 of the Perpetuities and Accumulations Act 2009, with integrated drafting notes. |
| Retiring trustees where no replacement, without consent by appointor, deed with drafting notes A deed for one or more trustees to retire without replacement, where there is no appointor whose consent is required. This standard document has integrated drafting notes. |
| Replacing trustees with fewer trustees, with continuing trustees, deed by trustees with drafting notes A deed to replace two or more trustees with fewer trustees, where the current trustees are making the appointment (because there is no appointor) and there are one or more continuing trustees. This standard document has integrated drafting notes. |
| Appointing part of trust fund absolutely to several beneficiaries in equal shares, deed with drafting notes A deed appointing part of the trust fund to several beneficiaries in equal shares absolutely. This standard document has integrated drafting notes. |
| Replacing trustees with same number or more, without continuing trustees, deed by appointor with drafting notes A deed to replace one or more trustees with at least the same number of new trustees, where an appointor is making the appointment and there are no continuing trustees. This standard document has integrated drafting notes. |
| Personal injury trust: questionnaire for claimants Click here to access the Word version of this form. This is an initial fact-finding questionnaire for a personal injury claimant who is considering whether to set up a personal injury trust to hold a damages award. A legal adviser can send the questionnaire to a client who has been referred to him from the personal injury department of his firm or from another firm. Alternatively, the solicitor may want to use this questionnaire at the initial meeting with the client to gather relevant background information. The information gathered from this questionnaire will allow the adviser to carry out a cost/benefit analysis so that he can advise whether a trust should be used to hold the client's personal injury damages award. Compare the total value of means-tested benefits for the claimant's household with the projected cost of setting up the trust as well as the annual cost of administering it. You will need to include the costs of annual fees if a professional trustee is to be appointed. Where the client is not claiming means-tested benefits or is unlikely to claim them in the future, consider whether a personal injury trust is necessary for some other reason. For more information, see Practice note, Personal injury trusts: overview: Other reasons for setting up a personal injury trust. Question 24 of the questionnaire asks the client to suggest two people outside his household who may be able to act as trustees of the personal injury trust. For information ab |
| Stock transfer form Please click on the "Open in Word" icon to open precedent stock transfer form. This form has been created using Microsoft Word and Microsoft Excel. Please type within the cells provided as typing beyond this may affect the formatting. For more information on when the form is needed and details on how to complete the form, see Practice note, Stock transfer form. We have updated the stock transfer form to include the new stamp duty exemption certificate which may be completed, where appropriate, in relation to transfers executed on or after 6 April 2012. |
| Declaration of trust by individuals as tenants in common (fixed shares) A declaration by two or more individuals that they hold a property on trust, as tenants in common, in specified shares. This standard document contains integrated drafting notes, drawing attention to specific issues. You can elect to view the standard document with, or without, the integrated notes by using the options in the "Actions" box in the top right corner of the screen. See Standard clauses and drafting notes for clauses that can be used to adapt this document. |
| Replacing trustees with same number or more, without continuing trustees, deed by trustees with drafting notes A deed to replace one or more trustees with at least the same number of new trustees, where the current trustees are making the appointment (because there is no appointor) and there are no continuing trustees. This standard document has integrated drafting notes. |
| Declaration of trust by individuals to change tenancy in common to joint tenancy A declaration by two or more individuals, who currently hold a property as beneficial tenants in common in equal shares, that they now want to hold as joint tenants. This standard document contains integrated drafting notes, drawing attention to specific issues. You can elect to view the standard document with, or without, the integrated notes by using the options in the "Actions" box in the top right corner of the screen. See Standard clauses and drafting notes for clauses that can be used to adapt this document. |
| Bare trust for personal injury damages award A trust deed for a personal injury claimant to establish a bare trust to hold his damages award. This standard document has integrated drafting notes. |
| Power of attorney (general) given by trustee to corporate attorney, with drafting notes A power of attorney under section 25 of the Trustee Act 1925 for a trustee who wants to delegate all his or her trustee functions to a corporate attorney. This standard document has integrated drafting notes. |
| Offshore trusts: Section 218 notice Any person (other than a barrister) who has been involved in setting up an offshore trust where the settlor is UK domiciled, must send a section 218 (Inheritance Tax Act 1984) notice to HMRC, unless the trust has been created by a will, or unless an IHT100 account has been delivered. Penalties apply if this notice is not sent to HMRC within three months of the creation of the trust. |
| Appointing whole trust fund absolutely to several beneficiaries in unequal shares, deed with drafting notes A deed appointing the whole trust fund to several beneficiaries absolutely, in unequal shares. This standard document has integrated drafting notes. |
| Letter of wishes: discretionary will trust: charity beneficiaries, with drafting notes A letter from a testator to the trustees of a discretionary trust in his will, providing guidance about whether to benefit charities. It takes into account the lower rate of inheritance tax (IHT) of 36% for testators leaving at least 10% of their estates to charity, as the lower rate may be obtained by retrospective IHT treatment of trust distributions within two years after the testator's death under section 144 of the Inheritance Tax Act 1984. This standard document has integrated drafting notes. We would be interested in subscribers' views on this letter. You can send your comments by clicking on Ask a question in the banner at the top of all PLC pages. |
| Replacing trustees with fewer trustees, without continuing trustees, deed by trustees with drafting notes A deed to replace two or more trustees with fewer trustees, where the current trustees are making the appointment (because there is no appointor) and there are no continuing trustees. This standard document has integrated drafting notes. |
| Appointing part of trust fund absolutely to several beneficiaries in unequal shares, deed with drafting notes A deed appointing part of the trust fund to several beneficiaries absolutely, in unequal shares. This standard document has integrated drafting notes. |
| Adding trustees where no replacement, deed by trustees with drafting notes A deed to add new trustees, where no trustees are replaced and the current trustees are making the appointment (because there is no appointor). This standard document has integrated drafting notes. |
| Bare trust for two or more beneficiaries under 18 (one settlor), with drafting notes A trust deed for one settlor to establish a bare trust for two or more beneficiaries who are minors (under 18). This standard document has integrated drafting notes. |
| Power of attorney (general) given by trustee to one individual attorney, with drafting notes A power of attorney under section 25 of the Trustee Act 1925 for a trustee who wants to delegate all his trustee functions to one individual attorney. This standard document has integrated drafting notes. |
| Replacing trustees with fewer trustees, with continuing trustees, deed by appointor with drafting notes A deed to replace two or more trustees with fewer trustees, where an appointor is making the appointment and there are one or more continuing trustees. This standard document has integrated drafting notes. |
| Replacing trustees with same number or more, with continuing trustees, deed by appointor with drafting notes A deed to replace one or more trustees with at least the same number of new trustees, where an appointor is making the appointment and there are one or more continuing trustees. This standard document has integrated drafting notes. |
| Appointing whole trust fund absolutely to several beneficiaries in equal shares, deed with drafting notes A deed appointing the whole trust fund to several beneficiaries in equal shares absolutely. This standard document has integrated drafting notes. |
| Appointing part of trust fund absolutely to one beneficiary, deed with drafting notes A deed appointing part of the trust fund to one beneficiary absolutely. This standard document has integrated drafting notes. |
| Letter of wishes: discretionary will trust (simple), with drafting notes A letter of wishes to use where a testatator has made a will giving his trustees his residuary estate to hold on discretionary trusts. |
| Appointing whole trust fund absolutely to one beneficiary, deed with drafting notes A deed appointing the whole trust fund to one beneficiary absolutely. This standard document has integrated drafting notes. |
| Discretionary trust with drafting notes A deed creating a discretionary trust. This standard document has integrated drafting notes. |
| Appointing part of trust fund absolutely to several beneficiaries who receive different assets, deed with drafting notes A deed appointing part of the trust fund to several beneficiaries absolutely, where the beneficiaries receive different assets rather than shares in all the assets. This standard document has integrated drafting notes. |
| Interest in possession trust, with drafting notes A deed creating an interest in possession trust with one life tenant (who may be an adult or a child under 18), with optional overriding powers of appointment and transfer. This standard document has integrated drafting notes. |
| Trustee minute with drafting notes A standard document for recording minutes of a trustee meeting. This standard document has integrated drafting notes. |
| Retiring trustees where no replacement, with consent by appointor, deed with drafting notes A deed for one or more trustees to retire without replacement, where there is an appointor whose consent is required. This standard document has integrated drafting notes. |
| Power of attorney given by trustee: notice to co-trustees or appointor, with drafting notes A trustee who executes a power of attorney under section 25 of the Trustee Act 1925 must give notice to his or her co-trustees and any other person named in the trust document as having the power to appoint new trustees. This is a suggested form of notice. It has integrated drafting notes. |