By Sally Edwards
The issue of confidentiality in relation to trusts has been much discussed recently, with the introduction of reporting requirements such as the Common Reporting Standard. As with the introduction of customer due diligence requirements, while initially causing some consternation, the need to report appears to be gaining acceptance among settlors and beneficiaries alike.
However, while public comment and debate seem focused on reporting, the question of disclosure of trust documentation and information to family members is an area that, in my experience, often raises more concerns for settlors.
