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My husband recently passed leaving 12% of s share in the
My husband recently passed leaving 12% of his share in the company to a discretionary trust whose beneficiaries are my two sons ( unmarried). Since this amount As these will be liable for IT, I was wo… read more
James Mather
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Thank you response. With respect to answer 5) the issue of
Thank you for your response. With respect to answer 5) the issue of indemnities being paid through the trust monies is not a straightforward one. The other trustee has the view that they are to be pai… read more
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On a disabled discretionary trust there are three trustees,
On a disabled discretionary trust there are three trustees, one named in the will, one the disabled beneficiary and a.n.other If the disabled person wanted to sell property or move it from the trust a… read more
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James Mather
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Our board (charitable company) has four members. Two of us
Our board (charitable company) has four members. Two of us including the chair are disturbed by the behaviour of one member who appears to be doing all he can to sabotage the work of the organisation.… read more
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We have a discretionary will trust, of which one of the Trustees
We have a discretionary will trust, of which one of the Trustees continually fails in his duty to the Trust. He deliberately takes the contrary view on even the smallest decision, to the point that th… read more
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In a clause in a deed is the following ...payment of such
In a clause in a deed is the following ...payment of such sum on the party's death [or incapacity] as shall be mutual agreed between the parties.... As the [or incapacitated] was not striked out befor… read more
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What is the process for transferring shares, which were originally
What is the process for transferring shares, which were originally placed into trust, back to the original Settlor?… read more
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I, uk resident, have 4 uk resident grandchildren, aged 14 -7.
I, uk resident, have 4 uk resident grandchildren, aged 14 -7. I have been operating accounts with a stockbroker for each, since birth, with small amounts being added each year, net income from what wa… read more
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In the Church of England is a Parish a legal entity and secondly
In the Church of England is a Parish a legal entity and secondly in a Parish which is made up of three churches would the liabilities of any one church which defaulted become the liability of the othe… read more
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Joshua
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A trust has 6 beneficiaries, and 3 trustees. The beneficiaries
A trust has 6 beneficiaries, and 3 trustees. The beneficiaries all of whom are adults of sound mind feel strongly that one or more of the trustees is no longer acting in a manner which as the best int… read more
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My mother and father set up Discretionary Trust Wills over
My mother and father set up Discretionary Trust Wills over 3 years ago. my mother has now died and I want to know what or whether I (as Executor and Trustee) need to do anything to establish the "Trus… read more
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I am one of several beneficiaries of a Will Trust that expired
I am one of several beneficiaries of a Will Trust that expired 5 years ago (after 80 years). So HMRC declared it a bare trust, with beneficiaries having absolute rights to capital (mainly property) an… read more
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What happens if co-trustees disagree I have read that Californian
What happens if co-trustees disagree? I have read that Californian law allows a co-trustee or even a beneficiary to petition the probate court to instruct the co-trustees what to do. Is there a simila… read more
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But would the settlor wanting to become a beneficiary have
But would the settlor wanting to become a beneficiary have to have the approval of all the other trustees ? If they did not agree, could the settlor create other trustees so as to get a majority to ob… read more
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Hi as a trustee of a uk blind trust can we either transfer
Hi as a trustee of a uk blind trust can we either transfer power of attorney rights or delay a maturity trustee from gaining control of trust (this maturity trustee doesnt currently have any control o… read more
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My mother died on the 22nd March 2009. The will was read on
My mother died on the 22nd March 2009. The will was read on Saturday at my stepfathers (and mothers house) along with two trustees my sister and his sister. He produced a letter of wishes which stated… read more
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I am a British citizen, British passport holder, resident in
I am a British citizen, British passport holder, resident in Italy. I need now to make a will. Most of my assets are in Italy but I have a flat in London. This flat is used only by my son, it is i eff… read more
lawsolved
lawsolved
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If three people are named as Trustees in a will are any decisions
If three people are named as Trustees in a will are any decisions made by a majority vote e,g two for one against.Also is it possile to vote someone off a trust by majority vote.… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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