Podcast Location:
Download it here [file size: 24.1 MB]
Categories:
Wills, Inheritance & Succession
Tax & Planning
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
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Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast aims to succinctly describe the regime governing settlements governed by the Settled Land Act 1925 and what practitioners should bear in mind if presented with what looks like a strict settlement. This is a highly specialised area often of considerable of commercial value that requires a detailed understanding of how a regime that was designed for a previous age interacts with modern practices of trust management.

Outcomes:
After completing the course you will:
  • Understand what a strict settlement is;
  • Be aware of the tell-tale features of a Settled Land Act settlement;
  • Understand how a strict settlement works;
  • Understand the respective roles and powers of the trustees and tenant for life;
  • Understand how a strict settlement may be ended.
Level:
Complex Difficulty: 4 of 5
Classification:
Legal Principles
Panel Discussion
Practical Guide
Sources and References:
  • Settled Land Act 1925.
Tags:

Since its abolition in 1997, many lawyers consider the strict settlement to be something of a relic in our property law. This podcast - with two private client specialists - suggests that far from being an irrelevant anachronism, settlements governed by the Settled Land Act 1925 continue to exist and affect a considerable volume of land and valuable heirlooms in the UK. This podcast discusses what you should do if you are presented with a strict settlement.

Podcast added: 07/09/10

Podcast last reviewed: 2011-06-27

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