IN THE MATTER OF A SETTLEMENT KNOWN AS B TRUST
Restructuring and distribution of trust assets - jurisdiction of court to direct Trustee ? Trustee?s right to apply to court for the ?blessing? of its decisions to restructure and distribute ? obligation of trustee to make full and frank disclosure of relevant information ? whether Court should give final blessing to effect distribution before all steps in the transaction are completed and disclosed to the Court ? Trustee to be indemnified if acting with the blessing of the Court ? Court?s approval to be binding upon all beneficiaries including minors and future unborns ? duty of Court to satisfy itself that it is fully informed and that interests of minors and unborns are protected.
| Cause Number | FSD 0206 OF 2017 (ASCJ) |
|---|---|
| Court | Grand Court |
| Judgment Date | 2019-Aug-19 |
| Subject | Restructuring and distribution of trust assets - jurisdiction of court to direct Trustee ? Trustee?s right to apply to court for the ?blessing? of its decisions to restructure and distribute ? obligation of trustee to make full and frank disclosure of relevant information ? whether Court should give final blessing to effect distribution before all steps in the transaction are completed and disclosed to the Court ? Trustee to be indemnified if acting with the blessing of the Court ? Court?s approval to be binding upon all beneficiaries including minors and future unborns ? duty of Court to satisfy itself that it is fully informed and that interests of minors and unborns are protected. |
| Category | Financial Services Division |
| Filename (current) | 1GC7TAIA06531E5BE3870AE055E46B05F9A0321087977D3A765A.pdf |
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