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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.


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.

sellPrice £45.00

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infoProduct information


Private client


July 2018


Law Society




Paperback + CD
112 Pages