Wills & Trusts Law Reports | October 2012 #123Eric Lionel Thomas (the settlor) settled a trust (the 1961 settlement) by deed dated 27 June 1961 (the 1961 deed). The principal asset of the 1961 settlement was a controlling interest in NWN Media (the company), a family owned newspaper publishing company that published local newspapers in Wales, Chester, Shropshire and Herefordshire. The trustees of the 1961 settlement (the trustees) were given powers by the 1961 deed to sell shares with the consent of the settlor during his lifetime and thereafter at their discretion. In addition, the 1961 deed gave the trustees the powers of appropri...
White v Williams shows the complications that can arise without specific charity law advice, as Paul Ridout relates ‘A charitable trust acts only through the person of its trustees, and when they borrow money the trustees are simply entering into a personal obligation to repay sums borrowed.’ March saw the publication of the latest chapter …
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