Tax Implications: Schedule 1 Trusts     1

'cut-off' date, after which the order simply ceases to have effect The appropriate protection for the father against any undue delay by the mother is a liberty to apply The costs hitherto incurred by the parties in and about the drafting of the Deed will, in the circumstances, be left to lie where they fall Neither party, in my judgment, is so clearly in the right or has so clearly misconducted themselves as to justify throwing these costs onto one rather than the other I will give the parties a short period I propose one month during which they can (each at their own expense) seek to reach agreement as to the drafting of a suitable Deed, after which I will direct that the Deed is to be settled by conveyancing counsel at the joint and equal expense of the father and the mother Appropriate provisions to this effect will accordingly be included in paragraph 2 of the order Counsel will, no doubt, be alert to the fiscal problems identified (at least in part there may for all I know be other tax matters to be considered) by Tod and Ellis