The introduction of the Trusts Act 2019 is one of the most significant changes in trust law in 63 years. The Trusts Act 2019 replaces the earlier Trustee Act 1956.
With the rise in popularity of family trusts, trust law has been continuously developing. The Trustee Act 1956 has become out of date. Trusts have become a popular vehicle for owning assets and offer a number of benefits such as asset and inheritance protection.