The Trusts Act 2019 was passed on 30 July 2019 and replaces the Trustee Act 1956.

Changes imposed by the new Trusts Act 2019:

– Trust beneficiaries need to be informed they’re a beneficiary, provided

information about the Trust and they have the right to request further information.

– At least one of the trustees must hold copies of core trust documents for the lifetime of the trust.

– Changes to the rules on trustees’ rights to limit their liability, be indemnified from

trust property and delegate their powers and functions to others.

– New options to resolve disputes without having to go to court.

– New provisions that cover how trustees can be appointed and removed,

terms of the trust can be modified.