Regulatory Impact Statement: A New Trusts Act [pdf, 1.2 MB]
...necessary where a departing trustee is the trustee of multiple trusts. 105. The current law is complicated and trustees are often unaware that automatic transfer of registered interests does not occur. Application to the High Court is expensive and time consuming for what is often a simple administrative matter. Regulatory Impact Statement: Trust Law – Options and impact analysis – Part A 23 Law Commission’s recommendations 106. The Law Commission made a number of r...