What is an Education Supervision Order?

If the local authority thinks a parent needs support getting a child to go to school but the parent is not co-operating, the local authority can apply to a court for an Education Supervision Order. A supervisor will be appointed to help you get your child into education.

What is a School Attendance Order?

A parent can be served with a School Attendance Order if the local authority thinks a child is not receiving an education. Upon receipt, a parent will have 15 days to provide evidence that they have registered a child with a school listed in the order or that the parent is giving them home education. If a parent does not, the local authority could be prosecuted or given a fine.

What are the different kinds of Trusts?

There are several different kinds of trusts that serve different purposes for the settlor (the party/s who put assets into the trust).  Trust types include bare trusts, interest in possession trusts, mixed trusts, discretionary trusts, accumulation trusts, settlor-interested trusts and non-resident trusts. The most common types of trusts to be set up during a lifetime are the following.

  • Discretionary Trusts – This kind of trust gives the trustees the power to act at their discretion in regard to decisions about how to use, distribute and manage the assets in a trust. This is usually to protect against potential issues with beneficiaries who are not responsible enough to manage the money, or no longer have a legitimate interest in the assets; this could be to do with marital disputes etc.
  • Bare Trusts – These trusts are a simple way to ensure capital is protected for a younger person until they are at an appropriate age to receive it. The trustee will hold the assets of the trust until the beneficiary has turned 18 years old when they will receive the amount.
  • Trusts for minors – Bare trusts, and discretionary trusts (among others) can be set up so that instead of the beneficiary standing to benefit as soon as they are of legal adulthood, the settlor caps the beneficiary’s age so that they may not receive the assets intended of them before they reach a certain age, for example, 25 years old. 
  • Personal injury trusts – These trusts exist to hold and manage the funds received as compensation due to an injury/medical condition.

Who can have a trust?

Anyone over the age of 18 can set up a trust to hold their assets. There is not a set amount needed to set up a trust. However, you may consider a trust when you have assets you wish to protect, control or pass on. 

How would a trust benefit me?

Trusts have a number of useful functions for managing your assets. For example, trusts can be used to:

  • pass on assets when you die,
  • pass on assets during your life,
  • assist in managing the affairs of another who is no longer able,
  • manage assets for someone who is too young to do it for themselves,
  • or just to control and protect family assets.

Trusts can offer protection for your assets, ensuring your financial interests.

Who looks after a trust?

A trust is managed by trustees. The trustees are appointed by you and in some cases can be changed, added, and removed, as per your instruction. 

How do I decide who are my trustees?

A trustee(s) needs to be a party, over the age of 18, that you trust to protect your fiscal concerns and manage your assets the way you have stipulated. If the trustees you appoint are also beneficiaries, you might consider whether it could result in a conflict of interest. Ultimately it is about who you trust to respect your wishes, be that your spouse or partner, family, friends, financial professional, or legal professional.

How long do trusts last?

Trusts made during your life can last up to 125 years. It can be set up in the trust for the remaining assets to be dealt with as you wish once this time has passed. 

Can I amend my trust?

Yes, your trust can be amended along the way as circumstances change. For example, if you wanted to add or remove trustees, change their level of control, or add assets. 

What is a contractual or summary dismissal?

A contractual or summary dismissal is the immediate termination of an employment contract by an employer due to a serious breach of the contract or workplace policies by the employee. This type of dismissal typically occurs without notice or the usual termination procedures and is often reserved for severe misconduct or gross violations of company rules.

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