Menu Expand
A Practical Guide to the Transfer of Trusteeships

A Practical Guide to the Transfer of Trusteeships

Mr Richard Williams | Ms Arabella Murphy | Mr Toby Graham

(2017)

Additional Information

Abstract

This text, first published by STEP in 2007 and now in its third edition, reviews the difficulties that arise on the transfer of trusteeships, particularly in respect of the negotiation of indemnities, and sets out a suggested approach. It contains: • a core section dealing with trusts governed by English law; • jurisdictional chapters, which explain the differences under local law for trusts governed by the laws of The Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, the Isle of Man, Jersey, New Zealand and Singapore; • precedent deeds of change of trustee for each of those jurisdictions; • a detailed drafting commentary; • a U.S. commentary which outlines general principles involved in the transfer of trusteeships of U.S. trusts and general tendencies among states, with a particular focus on the trusteeship laws of the State of New York; and • a table of references listing the statutes and cases, for ease of reference. The text is an essential reference work for any legal practitioners, trust company professionals and others involved in advising on the transfer of trusteeships.

Table of Contents

Section Title Page Action Price
Front Cover 1
Title 2
Copyright 3
Table of contents 4
Foreword to the 1st edition 8
Table of legislation 10
Cases 14
STEP 16
1. Introduction 18
2. English law trusts 22
2.1 Statutory and expresspowers of retirement, removaland appointment 22
2.2 Trustees’ lien 30
2.3 Indemnities 36
2.4 Inspection and transferof trust documents 44
2.5 Contentious cases 52
2.6 Trustee indemnityinsurance 56
3. Bahamian law trusts 62
4. Bermuda law trusts 72
5. British Virgin Islandslaw trusts 80
6. Cayman Islands law trusts 88
7. Guernsey law trusts 98
8. Hong Kong law trusts 108
9. Isle of Man law trusts 124
10. Jersey law trusts 128
11. New Zealand law trusts 138
12. Singapore law trusts 150
13. United States trusts 160
14. Commentary on themodel precedents 172
14.1 Format of the precedents and general comment 172
14.2 Overall approach to indemnities 175
14.3 Use of the precedents 176
14.4 Drafting comments on the precedents 177
14.5 Adapting the offshore precedents to suit other cases 196
Appendix 198
Appendix A – English lawprecedents 198
Appendix B – Bahamian lawprecedents 244
Appendix C – Bermuda lawprecedents 256
Appendix D – British VirginIslands law precedents 282
Appendix E – Cayman Islandslaw precedents 294
Appendix F – Guernsey lawprecedents 320
Appendix G – Hong Konglaw precedents 346
Appendix H – Isle of Manlaw precedents 358
Appendix I – Jersey lawprecedents 384
Appendix J – New Zealandlaw precedents 404
Appendix K – Singaporelaw precedents429The 430
About the authors 442