sign up Your signup was successful Subscribing..


< back

The long awaited Trusts Bill receives Royal assent

By Emma Foster - 1 Aug 2019

On Wednesday the much anticipated Trusts Bill finally received the Royal tick of approval and officially became an Act of Parliament. Pursuant to section 2, the provisions of the Act will come into force on 1 February 2021. This is probably the most significant change to trust law in the past thirty years or more.

The clock is therefore ticking for settlors and trustees of existing trusts to get to grips with the intention behind and practical implications of the legislation. They will need to ensure they understand the much more rigorous obligations and duties which are about to be imposed on them. Read our previous blog for a summary of changes to the Act and what it will mean for trustees.

If you would like a "health check" on your trust before the Bill comes into force, or to find out more about how this will impact you, contact any member of our specialist trust law team.


Forward to a friend

Leave a comment