Re X Trusts [2022] WTLR 355
Wills & Trusts Law Reports | Spring 2022 #186On 23 October 2020 the Bermuda Supreme Court granted a Public Trustee v Cooper Category 2 application for a ‘blessing’ of the applicant trustees’ decision to develop preliminary proposals for the future administration of an apparently very valuable group of private trusts, referred to as ‘the X Trusts’. The preliminary proposals contemplated restructuring the X Trusts by way of an unequal division of the trust assets between two branches of the beneficiary family. One branch of the family supported these proposals, the other did not.
Implementation of the trustees’ propos...
Fine v Fine [2012] EWHC 1811 (Ch)
Wills & Trusts Law Reports | December 2012 #125The settlors, who were husband and wife, each executed a trust deed in mirror terms in 1992, creating discretionary trusts. At the time the trust deeds were executed the settlors had only one grandchild, Maxwell. The trust deeds contained inter alia the following definition of the beneficiaries:
‘The settlor’s children, Tracey Mathew and Kitty and his [her] grandchild Maxwell, and remoter issue and the spouses, widows and widowers of such children, grandchildren and remoter issue.’
On the same date as the trust deeds were executed the settlors...