Page 6 - Trustees Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Issues of construction/rectification Disputes about trust property Charities Probate Rectification of wills (cases against the way a solicitor has prepared a will) Substitution or removal of personal representatives Cases involving the Inheritance Act Cases involving the Presumption of Death Act Cases are started in the Chancery Division. Who we are We are a specialist court within the Business and Property Courts of the High Court of Justice. We are based at the Rolls Building in London. Cases in the Property, Trusts and Probate List are managed by the Chancery Masters and heard by the Chanc...

On 24 February 2021 the President of the Family Division, Sir Andrew McFarlane, issued the following message: I am pleased to announce that the Financial Remedies Courts (FRC) pilot project has now been completed. This project had its origins in a paper published in November 2016 and was formally initiated as a pilot project by my predecessor in January 2018. The first pilot zone, the West Midlands, started work in April 2018. The pilot project has been progressively rolled out and is now 'live' in 18 FRC zones covering all parts of England and Wales. With the conclusion of the pilot phase, t...

The Court of Appeal gave judgment following the Wife's appeal against an order of HHJ Oliver. The parties had married in 2009 and separated in 2019. The Wife subsequently commenced divorce and financial remedy proceedings in April 2019. The Wife applied for maintenance pending suit. The application was heard by a deputy district judge in October 2019 and the Husband was ordered to pay MPS of £2,200 pcm. The Husband appealed that order. HHJ Oliver allowed the appeal, finding that the DDJ had not carried out a critical analysis of the Wife's needs, school fees had been included in the order a...

Regulatory reform of Malta’s CSPs business is coming to a conclusion. A revised CSP Act has received Parliamentary approval and is awaiting ministerial sign-off before coming into force. The MFSA has begun consulting on new CSP rules, and the necessary new legal regulations are unlikely to be delayed by controversy. Why are we here? Both the EU’s supranational risk assessment and Malta’s national risk assessment identify the CSP business as being exposed to a high level of threat and vulnerability to money laundering and terrorist financing (ML/TF). Malta’s dis­appointing performance...

To print this article, all you need is to be registered or login on Mondaq.com. Under Trust law, once the settlor has settled property on trust, he relinquishes any ownership rights on the trust property since the ownership would be transferred from the settlor to the trustee. The settlor would have limited control over the trust and its administration unless he reserves certain powers to himself on the trust deed. Nevertheless, even though the settlor might have certain reserved powers, he would still not be considered to have full control over the trust and ultimatel...