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Should you ever act as a trustee in a will or deed and, if so, what are the potential risks and consequences?
22nd Mar, 2017
A friend or client informs you that they trust you implicitly and wish to put a family financial arrangement in place immediately or to come into effect on their death. He or she asks you to become a trustee in the trust documents or in their will in addition to acting as an executor. Being very willing to assist and without really considering the potential consequences you agree. The financial settlement documents are completed or the client dies and you then take office thereby accepting the very considerable responsibilities that follow. Read more…
21st Mar, 2017
16th Mar, 2017
Yesterday the Supreme Court delivered its judgement in the case generally known to lawyers as “ILLOTT v MITSON”. Two of the central issues the Supreme Court considered related to the freedom to leave your property or money to those you wish to inherit on your death and whether the reason(s) for seeking to exclude or restrict an inheritance, e.g. to a family member, were a significant factor for the court to take into account. Read more…
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