Trusts and Succession (Scotland) Act 2024

1. Introduction

2. Glossary of Terms Used in the Notes

3. Note on Interpretation

4. Introduction and Overview

   1. Part 1 – Trusts

      1. Default provisions

   2. Part 2 – Succession

   3. Part 3 – Miscellaneous and General

5. Crown Application

6. Commentary on Sections

   1. Part 1 – Trusts

      1. Chapter 1 – Appointment, assumption, resignation, removal and discharge of trustees

         1. Appointment or assumption

         2. Resignation and removal

         3. Saving as respects liability of trustees

         4. Discharge

      2. Chapter 2 – Decision-making by trustees

      3. Chapter 3 – Powers and duties of trustees

         1. Powers: general

         2. Investment

         3. Sale of property

         4. Delegation and the appointment of agents and nominees

         5. Power of advancement

         6. Apportionment

         7. Payments from income

         8. Duty to provide information

         9. Trustees’ duty of care

         10. Breach of duty etc.

         11. Personal liability of trustees

      4. Chapter 4 – Contractual rights, damages and the validity of certain transactions and documents

         1. Contractual rights

         2. Damages

         3. Validity of certain transactions and documents

      5. Chapter 5 – Duration of trust

      6. Chapter 6 – Private purpose trusts

         1. General

         2. Applications to the Court of Session

         3. Supervisors

      7. Chapter 7 – Protectors

      8. Chapter 8 – Powers of the court

         1. Variation and termination of private trusts

         2. Alteration of trust purposes

         3. Powers in relation to ex officio trustees

         4. Application in respect of defective exercise of fiduciary power etc.

         5. Expenses

         6. Miscellaneous powers

   2. Part 2 – Succession

      1. Effect of divorce, dissolution or annulment on special destination

      2. Rights of succession to intestate estate

   3. Part 3 – Miscellaneous and General

      1. Miscellaneous

      2. General

7. Tables of Destinations and Derivations

   1. General

   2. Table of Derivations

      1. TABLE OF DERIVATIONS

   3. Table of Destinations

      1. TABLE OF DESTINATIONS

8. Parliamentary History