TSEM1845 - Introduction to trusts: supplementary deeds: deed of assignment
A person may accept entitlement under a trust then transfer it onto a specific trust. »Ê¹ÚÌåÓýapp transfer is by a deed of assignment. »Ê¹ÚÌåÓýapp terms of the new trust or Will may be different from those resulting from a surrender or release of the entitlement. TSEM1850 has details of deeds of surrender or release.
A deed of assignment cannot apply retrospectively. It is effective only from the date the deed is executed.
»Ê¹ÚÌåÓýapp person assigning an interest is a ‘settlorâ€� within Section 620(1) ITTOIA (TSEM4120).
»Ê¹ÚÌåÓýapp following provisions may also apply