I have been approached by a colleague in our corporate team to assist with setting up an employee benefit trust for a company. Although I am an experienced trust lawyer, I have never dealt with EBTs. The proposal has been put forward by the client’s accountant who appears to be advising on all matters relating to the tax position and it seems I will simply need to prepare the trust deed. I have found precedent EBTs on Practical Law and in Practical Trust Precedents but, as it’s not an area I am familiar with, is there anything I particuarly need to watch out for, or would it be better to refer this to a trust practitioner who specialises in EBTs?
Anna Howat
Chattertons Solicitors