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Digital assets bill becomes law in England and Wales Thursday, 04 December 2025 The Property (Digital Assets etc) Act 2025 (the Act) received royal assent on 2 December 2025. The legislation closely follows recommendations made by the Law Commission for…

New HMRC data shows a sharp spike in newly registered trusts, with 115,000 trusts being registered last year –  86% of which carry no tax liability. For private client professionals, this is more than an interesting statistical shift; it reflects changing family dynamics, heightened concerns around vulnerability and a renewed appetite for long-term governance.

Trusts have always held a distinctive place in private client work. They are technical and often misunderstood, sometimes dismissed as relics for the ultra-wealthy or as overly elaborate tax tools. Yet the latest figures tell a different story. Quietly but…