In the Matter of B Trust - Reasons for Judgment
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 0206/2017 (ASCJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Smellie CJ |
| Parties | In the Matter of B Trust - Reasons for Judgment |
| Judgment Date | 2019-08-20 |
| 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. |
| Filename (current) | 19-08-20-In-the-matter-of-B-Trust.pdf |
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