Drafting Trusts and Will Trusts in Scotland is an adaptation of the highly regarded Drafting Trusts and Will Trusts – a Modern Approach by James Kessler QC, first published for English law in 1992 and now in its 11th edition. That text has generated editions for many trust jurisdictions, with this one, designed specifically for drafting Scottish trusts and co-written by William Grant WS now in its 2nd.
In it, the authors combine expert insight with a practical focus, ensuring you can save time when drafting but also work with the assurance that you have it right when advising clients on complex matters. The answers you need are within this text, ready to be applied to the reality of your practice.
There have been significant legislative changes since the first edition, all which are covered within this text, such as the Succession (Scotland) Act 2016, Land and Buildings Transaction Tax (Scotland) Act 2013 and Finance Act 2016. In particular the new inheritance tax Residence Nil Rate Band is discussed and explained in full, with reference to significant case law such as Loring v Woodland Trust and Brooke v Parton on transferable nil rate bands.