Trusts

Research and make a report on the major features of trusts.

the report is to include:

The major features of trusts

A compare and contrast the various reasons for using trusts

Methods of creating various forms of trusts and their nature

The legal factors governing the role of trustees

An analyse of the rights of the beneficiaries of a trust with reference to: the circumstances in which they may direct the trustee, and their rights when the trustee has breached a duty as a trustee

The process of the winding up of trusts with reference to: distribution of assets to beneficiaries as authorised by the trust instrument, release or variation from the trust obligations, and disposition of the trust property

Ways to limit liability and mitigate risk