This invaluable guide to the creation, administration and taxation of trusts has been comprehensively revised and updated to take account of: Perpetuities and Accumulations Act 2009; changes to the Inheritance Tax compliance and penalty regime; and changes to the Finance Act 2006. The book offers practitioners useful guidance on how to: create and use good systems to avoid potential negligence claims for failing to invest correctly; avoid penalties for missing tax deadlines or for incorrectly assessing tax bills; delegate trust management functions and comply with the regulatory regime for practitioners; and run an efficient trust department and improve profitability. An accompanying CD-ROM contains a range of useful forms and checklists from the book that may be customised.
Gill Steel is a freelance consultant and trainer providing advice to law firms. She is a member of the Association of Tax Technicians and STEP and lectures regularly on wills, trusts and tax subjects. She has an MBA in Legal Practice from Nottingham Law School and is a member of the Wills and Equity Committee of the Law Society and the UK Probate & Estate Committee of STEP. She is currently a consultant to Blake Lapthorn Tarlo Lyons.