Author: Martyn Frost (2001)

Martyn Frost provides some thoughts on the wider application of the Trustee Act 2000 reforms,
particularly where they will apply to all trusts
(taken from Issue No 16 –  July 2001)

 The reforms of the Trustee Act 2000 were not just about introducing new default powers, it is worth bearing mind that some of the reforms are of far more general application. A number of the changes will apply to all trusts, regardless of whether or not any default powers operate, whilst others will apply to all trusts unless disapplied by a contrary intention in the trust instrument. The purpose of this short article is to draw attention to those areas of, if not universal application, wider application than default powers. N.B. all references in this article are to Trustee Act 2000 unless otherwise stated.