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Amanda Noyce examines recent case law to determine whether success fees are recoverable in 1975 Act claims These cases are intrinsically extremely dangerous for lawyers to undertake, particularly since the decision in Ilott. Move over Jane Austen’s Pride and Prejudice; if there was ever a prize for the best opening line, HHJ Gosnell’s comments in …
Continue reading "Inheritance Act claims: The winner takes it all?"
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Lucinda Brown and Alexander Morgan discuss the impact of the video-link will The possibility of undue influence being exerted on the testator is a key risk of arranging for a will to be executed by video-link. The government has announced that, in September 2020, it will introduce new legislation in England and Wales to allow …
Continue reading "Wills: A welcome update?"
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Personal representatives risk being personally liable if they fail to discharge their duties to creditors. Adam Carvalho and Joseph de Lacey discuss recent judicial guidance on the scope of due diligence It was not clear whether the executors would be able to rely on the protection in s27 in circumstances where, even if no response …
Continue reading "Estate administration: More than remote"
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A family investment company is a useful way of preserving a family’s wealth. Eamonn Daly outlines the pros and cons Tax rates on income and gains accumulated within the FIC compare very favourably with those applicable to individuals and trusts. Family investment companies (FICs) were developed just over a decade ago. They have gradually become …
Continue reading "Family investment companies: Keeping it in the family"
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Mark Pawlowski considers the interrelationship between proprietary estoppel and secret trusts To what extent is it open to a testator to change their will or revoke the instructions they have given to their secret trustee so as to frustrate the expectations of the secret beneficiary? The answer to this question depends on whether the secret …
Continue reading "Trusts: Hush money"
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When is a charity not a charity? When it is a club. Timothy Sherwin explains Practitioners should be careful in the drafting of membership provisions in any charity, and especially those charities which rely on s5 of the 2011 Act, in order to ensure that they do not restrict entry to the membership more than …
Continue reading "Charities: Joined-up thinking"
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The use of targeted sanctions by global decision-makers is on the rise. Henry Wickham analyses how this trend affects Jersey trust structures Typically, under a Jersey discretionary trust the legal title to the trust fund vests in the trustee and therefore the concept of ‘ownership’ by a designated person is unlikely to be applicable. Sanctions …
Continue reading "Sanctions and trusts: Avoiding a costly breach"
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Francis Ng outlines a rare modern example of rescission for mistake in hostile proceedings Clarke is unusual in that it is a rare modern example of rescission for mistake in hostile proceedings. Deputy Master Linwood gave judgment in Clarke v Allen on 23 May 2019. The decision covered two claims by Matilda Clarke (Matilda). One …
Continue reading "Mistake and Inheritance Act claims: Unintended consequences"
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Kelly v Brennan [2020] provides welcome guidance on whether the court can rectify a foreign will and on time limits. Josh Lewison explains ‘Rectification is often run in the alternative to a construction claim. Construction claims have no time limit, so that if the court were inflexible in granting time extensions, the temptation would be …
Continue reading "Rectification: Which law applies?"
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Elizabeth Neale urges practitioners to speak up for trusts ‘Trusts allow the big picture to be looked at and if trustees and beneficiaries can work together, then the original 12th century objective – the long-term protection of beneficiaries and assets – can be achieved.’ Trust practitioners might be forgiven for feeling somewhat under siege. A …
Continue reading "Guest editorial: Much misunderstood"
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