Bereaved minor trusts are trusts that can be set up when a minor inherits under intestacy or will, where at least one parent, step-parent or person with parental responsibility has died. The Finance Act 2006 inserted s 71A ‘Trusts for bereaved minors’ into the Inheritance Tax Act 1984, which came into force 22 March 2006.
Commentary on these types of trusts can be found in:
- Steel, Trust Practitioner’s Handbook, 3rd ed. (2012) p. 190-191;
- Whitehouse, Trust Drafting and Precedents (looseleaf, 2006-) at para. A1.14A, and
- Encyclopaedia of forms and precedents, Vol. 42(1) Wills and administration at para. 254.2.
Precedents can be found in:
Hallam, Practical Will Precedents (looseleaf, 1987-)
- D5a : Gift to children at specified age with option to qualify as trusts for bereaved minors or 18-25 trusts.
- D5b : Gift to children on flexible trusts for bereaved minors or 18-25 trusts.
Encyclopaedia of forms and precedents, Vol. 42(1) Wills and administration.
- Form 43 : Clause creating bereaved minor trust for a single child.
- Form 44 : Clause creating bereaved minor trust for more than one child.
- Form 45 : Clause creating bereaved minor trust with flexibility: incorporating trustee power of selection.
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