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Trust Practitioner's Toolkit

Gill Steel
Availability: Published

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.


  1. Effective Trust Management:
  2. 1. Trust drafting
  3. 2. Trust administration – getting started
  4. 3. Trust administration – taking on a new trust client
  5. 4. Trust administration – core data
  6. 5. Trust administration – investments
  7. 6. Trust administration – tax administration
  8. 7. Trust administration – events
  9. 8. Trust review
  10. 9. Trust changes
  11. 10. Bringing a trust to an end
  13. Trust Practitioner’s Templates:
  14. 11. Why have a trust – motives
  15. 12. Money Laundering – actions required
  16. 13. Trust creation – taxation checklist
  17. 14. Trust drafting instructions sheet
  18. 15. Suggested procedural steps when creating a trust during lifetime
  19. 16. Regular routines in a trust department
  20. 17. Information needed in trust administration
  21. 18.Risk assessment and preventative steps)
  22. 19. Money laundering – suspicious circumstances
  23. 20. Additional information about a trust already in existence
  24. 21. File review checklist for existing trusts post-22 March 2006
  25. 22. Steps to obtain a Legal Entity Identifier)
  26. 23. Information required to register a Trust on TRS
  27. 24. Trust information form
  28. 25. Guidance for FATCA and CRS reporting and compliance
  29. 26. FATCA and CRS compliance form
  30. 27. Property information form
  31. 28. Trustee Act 2000 – choosing and supervising the agent
  32. 29. Sample investment policy statement
  33. 30. Trust tax return checklist
  34. 31. Decisions relating to trust distributions
  35. 32. Actions required of the trust administrator dealing with a qualifying interest in possession trust
  36. 33. Beneficiary reaches the specified age
  37. 34. Decision to make an appointment out of a relevant property trust
  38. 35. Considerations on the death of a discretionary beneficiary
  39. 36. Active trust review form
  40. 37. Inactive trust review form
  41. 38. Before retirement of a trustee
  42. 39. Beneficiaries considering litigation
  43. 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.




Private client


July 2018


Law Society




Paperback + CD
112 Pages