U Ltd. v B [2011] JLR 452 (06 July 2011)

U Ltd. v B [2011] JLR 452 (06 July 2011)

Disclosure of trust accounts to the settlor for use in his English matrimonial proceedings is ordered in the interests of the beneficiaries, as the trust is one of several family trusts involved in the proceedings, non-disclosure would protract the proceedings and affect trust assets, and the interests of the beneficiaries are widely defined under the law.

Citation
[2011] JLR 452
Parties
Trustee: U Ltd.; Settlor: B
Jurisdiction
Jersey
Judgment Date
06 July 2011
Procedural Posture
Application for Directions / Judgment
Outcome
application granted
Legal Topics
Trustee Powers, Disclosure of Trust Accounts, Beneficiaries' Interests, Matrimonial Proceedings
Trust Law Trustee Powers Disclosure of Trust Accounts Beneficiaries' Interests Matrimonial Proceedings

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 1 Authorities cited 1 Party arguments 2
Sign in to unlock

Parties

U Ltd.

Trustee

B

Settlor

Procedural Posture

Application for Directions / Judgment

Legal Issues

  1. 1 Whether a settlor, personally excluded from benefit under a trust, can obtain disclosure of trust accounts for use in matrimonial proceedings.

Ratio Decidendi

Disclosure of trust accounts to the settlor for use in his English matrimonial proceedings is ordered in the interests of the beneficiaries, as the trust is one of several family trusts involved in the proceedings, non-disclosure would protract the proceedings and affect trust assets, and the interests of the beneficiaries are widely defined under the law.

Court Disposition

application granted

Orders

  • Disclosure of trust accounts to the settlor for use in English matrimonial proceedings.