Chapter 27 Governing Law, Place of Administration and Jurisdiction Clauses

Chapter 28 Restricting Rights of Beneficiaries

Chapter 29 Execution of Wills and Trust Deeds

Chapter 30 – Appointment and Retirement of Trustees

Chapter 31 – Indemnities for Trustees

Precedents for Lifetime Trusts

Interest in possession trust for adult beneficiary

Discretionary trust

Charitable trust

Precedents for Will Trusts

1. Discretionary will trust

2. Life interest for surviving spouse

3. Life interest for surviving spouse with absolute gift of nil rate sum

4. Life interest for surviving spouse with nil rate band discretionary trust

5. Nil rate band discretionary trust; residue to surviving spouse absolutely

6. NRB discretionary trust; residue to: (1) surviving spouse absolutely (2) discretionary trust (if no surviving spouse)

7. NRB discretionary trust; residue to partner (not spouse) absolutely

Other Precedents

Administrative Provisions

Nil Rate Band Discretionary Trust: Spouse Undertaking

Nil Rate Band Discretionary Trust: Charge over half share of land<

Retirement and appointment of new trustee

Appendix 1: STEP Standard Provisions

Appendix 2: Annotated Bibliography

Appendix 3: Useful Websites

Appendix 4: NRB debt and charge arrangements: tax analysis

Appendix 5: Tax on payment of index linked nil rate sum

Appendix 6: Share of house in trust: CGT Private Residence Relief

Appendix 7: Definitions of “disabled” for tax purposes

Appendix 8: Notes on the translation of will precedents into Welsh