Folds Farm Trustees Ltd & anr v Cutts & ors [2024] WTLR 503

Wills & Trusts Law Reports | Summer 2024 #195

The claimants were the corporate trustees of two family trusts established respectively by a deed of variation relating to the will of Oliver Cutts (the 1997 trust), and by the will of Susan Cutts (the will trust). The beneficiaries of these trusts were Susan’s children, grandchildren and remoter issue who were living on or born before specified dates.

The primary asset of the trusts was Folds Farm, a farm in the New Forest in Hampshire comprising various buildings and farmland totalling almost 340 acres. The majority of the farm was within the will trust, while the 1997 trust com...

Re Piedmont Trust and Riviera Trust [2022] WTLR 1403

Wills & Trusts Law Reports | Winter 2022 #189

The trustees of two Jersey trusts known as the Piedmont Trust and the Riviera Trust made a Public Trustee v Cooper Category 2 type application for a ‘blessing’ of their decision to make distributions that would exhaust the funds of those trusts.

Detailed background to the trusts and of disputes that had previously arisen in relation to them was set out in Re Jasmine Trustees Ltd and Piedmont Trust [2015] (the 2015 judgment) and Re Piedmont Trust and Riviera Trust [2018] (the 2018 judgment).

The Piedmont Trust was a revocable discretionary trust es...

Schumacher v Clarke & ors [2021] WTLR 353

Wills & Trusts Law Reports | Spring 2021 #182

The claimant as one of the executors and trustees of the estate of Dame Zaha Hadid deceased, who died in 2016, brought proceedings under s50 of the Administration of Estates Act 1985 for the removal of the first to third defendants, the claimant’s co-executors and co-trustees. The claimant and the first to third defendants had had great difficulty working together in the administration of the deceased’s estate. By the time of the hearing an agreement had been reached between the parties.

Pursuant to that agreement, an employee benefit trust (EBT) was to be declar...