PTNZ v AS & ors [2020] WTLR 1423
Wills & Trusts Law Reports | Winter 2020 #181In the course of the claimant’s application as trustee of four discretionary trusts in similar terms governed by English law for the blessing of momentous decisions, AS (the settlor and the original protector of the trusts) died.
The trusts had been varied soon after they were declared to expand the powers of the protector to give and withhold consent to the exercise of powers by the trustee. In the absence of a protector the trustee was free to exercise those powers without obtaining a third-party consent. The trusts were administered in Jersey on behalf of the claimant, a profes...