ABSTRACT
The popularity of trusts has been on a long downward trend in the UK. According to the latest data published by HMRC in September 2019, the total number of trusts and estates registered for tax in the UK has fallen by almost one-third since April 2006 to 150,000 and the number of interest in possession trusts has almost halved over the same period to 49,000. The decline is explored in this article and how it could be halted by adopting US style ‘living trusts’.
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Edward Stone, Dying trusts, living trusts, Trusts and Trustees, https://doi.org/10.1093/tandt/ttz133. Published: 16 January 2020.
First posted 2020-01-20 06:20:48
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