Spotlight on private wealth - March 2021

Our quarterly update is designed to keep you up to speed with developments in the private wealth world.

Our quarterly update is designed to keep you up to speed with developments in the private wealth world. In this edition we explore charitable gifting, conflicts of interest, potential tax reform and forgeries in the art world. 

We hope you find this helpful and as always, if you would like to know more about the issues covered, or anything else, please get in touch.

Explore the latest edition

The big question

When will a court approve trustees' decisions?

The court has the power to approve trustees' decisions, but a recent case confirms that it will only do so if the trustees have first managed any conflicts of interest. 

Trustees can seek the court's approval of significant decisions involving trusts, such as the distribution of trust assets. If granted, the approval will prevent anyone from bringing a claim against the trustees in respect of that decision. Read more

What's new?

• Guidance issued on the remote witnessing of wills. Read more
• UK decides not to implement EU licensing regulations for cultural property. Read more
• The case of the missing original will. Read more

RPC asks

• How do you leave money to charity in a will?  Read more
• Reform of CGT and IHT- on the horizon? Read more

And in the art world

• New technologies combat art fraud. Read more