Although trusts have endured through the centuries into the modern age, they have recently fallen victim to intense political and regulatory pressure. At the Legal Week Private Client Forum the question was asked whether trusts have finally had their day. John Malpas reports
Trusts date back to the Middle Ages and continue to form a vital part of the modern private client lawyer’s armoury. But has this durable common law legal structure finally had its day thanks to the global crackdown on tax avoidance and banking secrecy that has followed the credit crisis?
