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Listen and pass the quiz: Gain 1 CPD point (60 minutes)
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Regulated by the Bar Standards Board:
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  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast looks at the reasons why trusts end and how trustees can prepare themselves and the beneficiaries for the consequences of a dissolution and the distribution of trust assets. It will cover how trustees should go about distributing assets and to which beneficiaries, the tax consequences of a distribution and how a trustee can protect himself from liability and the mechanics of a distribution of trust property.

After completing the course you will:
  • Be aware of the reasons why trusts end;
  • Know how beneficiaries come by their entitlement to call for the dissolution of the trust;
  • Be aware of how a trustee should go about selecting which beneficiaries to distribute to;
  • Be aware of the tax consequences of dissolution for trustees and beneficiaries ;
  • Know how trustees can go about protecting themselves from prospective liabilities after the trust has ended;
  • Be aware of the trustees’ powers of advancement and how they can be used ass a substitute for dissolution of the trust;
  • Know about how a trustee goes about distributing individual assets or shares in trust property to beneficiaries, either absolutely or on new trusts;
  • Be aware of the key issues when tying up loose ends following the dissolution.
Beginner Difficulty: 1 of 5
Practical Guide
Sources and References:
  • Saunders v Vautier (1841) 4 Beav 115;
  • Variation of Trusts Act 1958;
  • Trustee Act 1925 s27, 31, 32;
  • CPR Rule 64.2(a);
  • Administration of Justice Act 1985 s48;
  • Taxation of Chargeable Gains Act 1992 s71(2)(a), 168(7), 260;
  • Pilkington v Inland Revenue Commissioners [1964] AC 612.

This podcast is about the steps and considerations that are relevant for trustees and their advisors when ending a trust and distributing assets to the beneficiaries.

Podcast added: 11/03/10

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