Lonsdale & ors v Wedlake Bell LLP & ors [2024] WTLR 1007

Wills & Trusts Law Reports | Autumn 2024 #196

The first claimant brought a claim in his individual capacity as settlor and trustee for professional negligence against the solicitors he had instructed in relation to a settlement made in 1987, which created a discretionary trust (the trust) in favour of a number of beneficiaries including the first claimant’s children. The first claimant intended to benefit his own children (the children) with his nieces/nephews as backstop beneficiaries should the trust in favour of the children fail. However the terms of the trust, which gave the beneficiaries the right to income when they attained ...

Worthing & anr v Lloyds Bank plc [2015] EWHC 2836 (QB)

Wills & Trusts Law Reports | January/February 2016 #156

The claimants had been customers of the defendant bank since 2000. Following the sale of their business in September 2006 for £5m, their bank manager arranged an introduction to the defendant’s Mayfair banking service, which was the division providing banking services to ultra-high-net-worth individuals for the purpose of receiving advice regarding the investment of the proceeds. The defendant sought information about the claimants’ financial circumstances and asked a series of questions designed to identify their appetite and capacity for risk. The defendant then produced a ...