Pemberton v Pemberton & ors [2016] EWHC 2345 (Ch)

WTLR Issue: December 2016 #165

This case involved a claim by one of the trustees of the Pemberton Settled Estates, originally created on 31 March 1965, for a variation of the settlement. The first to third defendants were the other trustees of the settlement who had in mind the unborn and unascertained beneficiaries...

Salinger & anr v HMRC [2016] UKFTT 677 (TC)

WTLR Issue: December 2016 #165

Donald Paiba Salinger (deceased), who was domiciled in the UK, sought to reduce the inheritance tax burden which would arise on his death by acquiring a reversionary interest in an offshore trust on the basis that it would qualify as excluded property (s48(1) of the Inheritance Tax Act 1984) and then transfer that reversionary interest to the trustees of the Donald Salinger Family Trust (DSFT) on the basis that no loss to the estate would be caused and thus not constitute a transfer of value...

Easingwood v Cockroft & ors 2013 BCCA 182

WTLR Issue: December 2016 #165

Reginald Easingwood (Reginald) was married to Kathleen Easingwood (Kathleen) from 1983. He had four children by his first wife, who had died in 1976. In April 2001, Reginald executed an enduring power of attorney in favour of his two children acting together...

Hamilton v Hamilton & anr [2016] EWHC 1132 (Ch)

WTLR Issue: December 2016 #165

David Hamilton (David) died 10 February 2007. His last will dated 6 March 2006 (the will) named the first and second defendants (his solicitor and daughter respectively) as his executors and trustees. Under the terms of the will, subject to various legacies he left the residue of his estate (defined as ‘all my property of every kind, wherever situate’) to be held upon trusts for the primary benefit of his children Alan and Carolyn in equal shares...

Re The Hanover Trust [2013] SC (Bda) 38 Civ

WTLR Issue: December 2016 #165

A trustee (T) of Bermudian trusts applied to the Bermudian court by an originating summons for directions. The originating summons named the settlor and principal beneficiaries as defendants. The application invoked the Bermudian court’s supervisory jurisdiction over Bermudian trusts...

High Commissioner for Pakistan in the United Kingdom v Prince Mukkaram Jah, His Exalted Highness the 8th Nizam of Hyderabad [2016] EWHC 1465 (Ch)

WTLR Issue: December 2016 #165

The underlying claim concerned monies deposited in a new bank account with the National Westminster Bank (the bank) in the name of Mr Rahimtoola, the High Commissioner for Pakistan in London between 16 and 20 September 1948 (the Fund). The monies deposited had belonged to the state of Hyderabad/the 7th Nizam (Hyderabad’s absolute monarch at the time)...