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Trusts

Trusts are a legal vehicle by which property is transferred to another person or persons to manage and use as directed under the terms of the trust. Trusts come in many different forms, ranging from modest family trusts to public or charitable trusts to large commercial trusts, and from trusts for limited purposes where the trustees need few powers to trusts with complicated purposes for which wide powers are required.

The Scottish Law Commission are currently conducting a wide-ranging review of trust law. They have published a number of discussion papers and reports on various trust law topics with a Final Report expected later in the year - http://www.scotlawcom.gov.uk/law-reform-projects/trusts

The Scottish Government considers reorganisation proposals of small public trusts and advises whether intervention is recommended in the Lord Advocate's interest.