The Law of Trusts
Published 11th April 2017, 11:3am
Following upon recent developments in the law of trusts in other jurisdictions, the Law Reform Commission has been asked to consider to what extent the Trusts Law (2011 Revision) could benefit from amendment.
The Commission believes the Law has served this jurisdiction well and that it is in no need of drastic overhaul. The Commission notes the recent amendments to the Law which deal with certain matters falling within a fairly narrow compass. The review of the Law by the Commission is wider and the areas of trusts currently being examined to determine whether any reform is needed include the codification of the duties of trustees, the Hastings Bass rule, judicial and extra-judicial variation of trusts and the use of mediation and arbitration in trust disputes.
The Consultation Paper will be published on www.gov.ky as well as on www.lawreformcommission.gov.ky (or www.lrc.gov.ky). Members of the public are invited to submit their comments on the Consultation Paper and submissions should be made no later than 30th June, 2017. Comments should be posted to the Cheryl Neblett, Director, Law Reform Commission, P.O. Box 1999 KY1-1104, delivered by hand to the offices of the Commission at 4 Floor Government Administration Building or sent by e-mail to firstname.lastname@example.org