Trustees – Law Journals

Trusts: Distinguishing between rules for ‘bare’ trusts and others involving a fiduciary duty

Kerry Bretherton KC and Katie Gray examine a case that finds that the service of a notice to quit is not a breach of trust Where parties have jointly contracted to rent a property and one of them wishes to quit, he or she cannot be held to a tenancy contract which is dependent for …

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Trustees and sanctions: Where angels fear to tread?

James Sheedy sets out the position for trustees concerned about falling foul of sanctions It is very difficult to see how (given the combined scope of the application of EU and UK sanctions to EU and UK citizens) there will be anyone left in places like Jersey able to administer structures that have a Russian …

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Trustees: Tracing and the rule in Clayton’s case

Mark Pawlowski takes a critical look at the rule in Clayton’s case and asks whether it still has application in the context of a tracing claim A rigid application of Clayton’s case, although providing a rule of convenience, can produce results of a highly arbitrary nature. Where a trustee (or other fiduciary) wrongfully purchases an …

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Trustees: Call of duty?

James Sheedy reviews what the trustee needs to know about impact investing A possible solution in answer to the desire of beneficiaries to ‘do good’ with trust funds is for trustees to appoint assets out to beneficiaries for them to then apply them as they deem appropriate. In the last few years, there has been …

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Contentious probate: Conflicts between trustees and beneficiaries

Property trusts without liquid assets and no right to rent can cause difficulties for trustees facing proceedings. Nicola Phillipson analyses a case that considers these issues and more The distinction between situations where trustees have put themselves in a position of conflict and where they have been put there by the terms of the trust …

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Trustees: The court’s power to bless decisions

Melody Munro reviews a case that exposes the delicate balance trustees have to maintain between beneficiaries’ wishes and what is best for the trust It is, quite rightly, not for the court to impose its own view of the merits of a decision but rather to consider whether the trustee’s decision is one which a …

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Trustees: What is reasonable?

Stephen Alexander asks when a trustee can charge fixed fees The reasonableness (and therefore recoverability) of the fixed fee will vary according to the size of the trust fund, the complexity of the situation, and the risks and responsibilities in relation to the trust. Individual trustees will usually charge by reference to time spent. Corporate …

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Trustees: When to remove

John Brennan discusses the implications of the fiduciary conflict rule on trustees The existence of friction or hostility between the trustees is not always sufficient to justify the removal of a trustee but is often relevant, especially if it arises from the way in which the trust has been administered. In Manton v Manton [2021], …

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Trustees: Mistaken loyalty

Those taking on a trusteeship must be fully informed. Graeme Kleiner, Hugh Gunson and Thomas Watts discuss Mackay, which develops the grounds on which such appointments can be set aside The claimant’s acceptance of her appointment could be severed from the DORA without offending the rule against partial rescission and without operating unfairly on any …

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