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Free Publicity Materials

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Trust Practitioner's Toolkit


Wills and probate

In stock

1 July 2018

The Law Society


Paperback and CD-ROM
246 x 172 mm
112 pages

Trust Practitioner's Toolkit

Gill Steel


The work of the trust practitioner is based on excellent record keeping, regular reviews and good data collection. The latter is complicated by increasing regulatory requirements concerning taxation, money laundering and data protection.

To facilitate effective trust management, the Trust Practitioner's Toolkit contains useful checklists, records and forms and is designed as a companion to the popular Trust Practitioner's Handbook. This is an essential support tool which includes over 20 forms and checklists, including ones relating to:

  • Risk management
  • Tax on trust creation
  • Instructions for trust drafting
  • Trust information
  • Trust review.

The book is designed to act as an aide memoire for trust practitioners by outlining the procedural tasks which need to be completed at the various stages of work including creating a trust or file review. It will also help to avoid pitfalls such as missing time limits, filing deadlines, compliance tasks and recording. The features and guidance will also be of benefit to more junior members of staff.


Effective Trust Management: 1. Trust drafting; 2. Trust administration – getting started; 3. Trust administration – taking on a new trust client; 4. Trust administration – core data; 5. Trust administration – investments; 6. Trust administration – tax administration; 7. Trust administration – events; 8. Trust review; 9. Trust changes; 10. Bringing a trust to an end; Trust Practitioner’s Templates: 11. Why have a trust – motives; 12. Money Laundering – actions required; 13. Trust creation – taxation checklist; 14. Trust drafting instructions sheet; 15. Suggested procedural steps when creating a trust during lifetime; 16. Regular routines in a trust department; 17. Information needed in trust administration; 18. Risk assessment and preventative steps); 19. Money laundering – suspicious circumstances; 20. Additional information about a trust already in existence; 21. File review checklist for existing trusts post-22 March 2006; 22. Steps to obtain a Legal Entity Identifier); 23. Information required to register a Trust on TRS; 24. Trust information form; 25. Guidance for FATCA and CRS reporting and compliance; 26. FATCA and CRS compliance form; 27. Property information form; 28. Trustee Act 2000 – choosing and supervising the agent; 29. Sample investment policy statement; 30. Trust tax return checklist; 31. Decisions relating to trust distributions; 32. Actions required of the trust administrator dealing with a qualifying interest in possession trust; 33. Beneficiary reaches the specified age; 34. Decision to make an appointment out of a relevant property trust; 35. Considerations on the death of a discretionary beneficiary; 36. Active trust review form; 37. Inactive trust review form; 38. Before retirement of a trustee; 39. Beneficiaries considering litigation; 40. Suggested possible risks on winding up a trust.

About the Author

Gill Steel is the owner and director of LawSkills Ltd, a company providing learning and development and consultancy for private client practitioners. She is a member of the Association of Tax Technicians and STEP and has an MBA in legal practice from Nottingham Law School.