Hannah Armit is a solicitor at Farrer & Co, and part of the charity and community team. She deals with a range of clients including charitable trusts and companies, non-departmental public bodies and schools. Her work includes charity formation and registration, incorporations, mergers, advice on the responsibilities of charity trustees and general constitutional issues.
Hannah joined Farrer & Co in 2002 as a trainee solicitor and qualified into the charity and community team in 2004.
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The Bribery Act may lead to a new compliance industry for charities, says Hannah Armit.
Hannah Armit comments on proposed changes to how trusts treat income and capital. In July 2004, the Law Commission published its consultation paper Capital and Income in Trusts: Classification and Apportionment. the project was suspended until January 2008, but work has now recommenced. the main purpose of the consultation was to examine the rules on the treatment of investment returns by trustees with a view to introducing more flexibility in this area. A major theme is whether and how trustees might adopt a total return approach to investment.
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