Emma Cooper explores how to set up dividend policies for companies wholly owned by trustees of a life interest trust ‘Trustees who hold the entire issued share capital of a company, or who otherwise control it, are in a very different position from investors with minority holdings, as they have the power to decide the …
Continue reading "Interest-in-possession trusts: A balancing act"
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Wills & Trusts Law Reports | Autumn 2018 #173The defendants were professional solicitor trustees of a trust established by the will of the claimants’ father. The claimants were the beneficiaries of the will trust, who were minors when their father died. The deceased’s will provided that the claimants’ shares would be held on trust for them until they turned 25, so the defendants invested the trust fund with the assistance of professional investment advice given by Taylor Young Investment Management Ltd (Taylor Young).
The claimants subsequently sought compensation from the trustees in the sum of £1,476,076 on the basis that ...
