Trusts – Court Relieves Family of Severe Tax Consequences of Drafting Error
Trusts are delicate and often complex legal instruments and any flaws in the wording of documents relating to them can have grave tax and other consequences. As a High Court case showed, however, inadvertent drafting errors can be corrected. The case concerned two trusts of which a widow and her son, her only child, were trustees and beneficiaries. They contained […]
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