The recent BADAS introduced not only changes to sequestration, but made some amendments to the Protected Trust Deeds (Scotland) Regulations 2013. The eagle-eyed among you will have spotted the insertion of the word “only” into Regulation 23(1). This means that for trust deeds signed on or after 1 April 2015, a trustee’s remuneration can only be structured on a fixed fee and administration fee basis. That “only” shuts the gate on other fee bases once and for all.date
