Law Commission paper published
What links self-driving cars, resomation funerals and trust law reform? Of course it has to be the latest Law Commission agenda, with these disparate ideas being amongst the 14 areas included in its 13th programme, published today.
Trust law reform might not be quite so headline grabbing as some of the other proposals, but it is interesting to hear of the announcement of a 'scoping study', looking at how trust law might be modernised for 'a global Britain'. Whilst we have a significant trust industry using English trust law, other jurisdictions are innovating in this area and are thereby attracting business to their professional service firms. The Commission's project will review the problems associated with existing trust law and identify aspects to take forward in future law reform projects, with a view to delivering a modern, globally competitive trust industry.
The Commission's paper also provides an update on their recent consultation on the law of wills, on which they hope to report in full in late 2018.