They live in a different world
Individual "A" is the settlor, trustee and beneficiary of a discretionary trust which contains nothing more than the original settlement of £10.
Individual "B" (brother of "A" incidentally), is in exactly the same position. The trusts are identical in every respect.
The documentation was all drawn up by solicitor "S", for both cases.
It is now desired to wind up both trusts, by appointing the £10 back to the settlor, and solicitor "S" (who has all the details on their file, remember) is asked to draw up the two (identical bar name) deeds of appointment. The solicitor will not be responsible for anything else (such as tax reporting compliance).
Your guesses, please, as to the solicitor's charge for this service. (PS I know the right answer, but wanted to check that I am in the right universe).
The clue, guys and gals, is in the subject header.
With kind regards
- Do I have grounds to dispute our accountant’s fees? 170 5
- Can i reclaim tax if my fuel cost more than the AFR in a company car 159 3
- Where has Portia gone? 1,652 63
- transferring from franchisee to ltd comapny 87 1
- Is my client risking reputational damage? 199 6
- Sage line 50 payment before invoice date 187 11
- Performance measurement within accounting practice 254 4
- Best Tax / Accounts Production software 386 10
- Property Purchase in Daughters Name 326 9
- Merging my businesses 125 2
- Getting fees, getting harder? 3,719 73
- Spousal transfer and PPR 515 16
- VAT on commercial property 141 3
- Rogue Accountant 3,036 49
- deceased creditor 198 5
- Corporate member of LLP 278 1
- Investment company 271 6
- Error or mistake in CT return 343 1
- Penalty on dormant CT600 prior to trading 220 1
- HMRC computer behind the times 374 3
- Services via intermediaries and new HMRC reporting requirements 781
- RTI - duplicate employee record 535
- Pensions Regulator 444
- How hard is it to reduce a code? 404
- Sage Vat return box 2 307
- Sanzar 304
- Digital marketing focus group 288
- How do you do it 278
- Portia ... Where art thou 257
- Kashflow balance sheet difference 252