Representation of U [2010] JRC 114A (17 June 2010)
The trustee's decisions not to participate in Q's English proceedings, not to make distributions or repay B's loan due to lack of liquidity and legal restrictions, and to disclose information to B were reasonable, made in good faith, and not vitiated by conflict of interest. Court approval was granted for all decisions.
- Citation
- [2010] JRC 114A
- Parties
- Trustee: U; Settlor/beneficiary: B; Spouse/former Beneficiary: Q; Child of B and Q: third respondent; Child of B and Q: fourth respondent; Child of B and Q: A
- Jurisdiction
- Jersey
- Judgment Date
- 17 June 2010
- Procedural Posture
- Trust Directions Application / Final Judgment
- Outcome
- trustee's decisions approved
- Legal Topics
- Discretionary Trust, Trustee Discretion, Divorce Proceedings, Maintenance, Distribution of Trust Assets, Disclosure of Information
Case Brief
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Parties
U
Trustee
B
Settlor/beneficiary
Q
Spouse/former Beneficiary
third respondent
Child of B and Q
fourth respondent
Child of B and Q
A
Child of B and Q
Procedural Posture
Trust Directions Application / Final Judgment
Legal Issues
- 1 Should the trustee participate in English divorce proceedings?
- 2 Should the trustee make a distribution or repay a loan to B?
- 3 Should the trustee disclose information to B?
Ratio Decidendi
The trustee's decisions not to participate in Q's English proceedings, not to make distributions or repay B's loan due to lack of liquidity and legal restrictions, and to disclose information to B were reasonable, made in good faith, and not vitiated by conflict of interest. Court approval was granted for all decisions.
Court Disposition
trustee's decisions approved
Orders
- Trustee's decision not to participate in Q's English proceedings approved.
- Trustee's proposal not to take further steps regarding property or distribution until notice and restriction are removed approved.
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