RESIDENCY OF A TRUST – A QUESTION OF MANAGEMENT AND CONTROL

Thursday, September 3rd, 2015

As my fellow bloggers have explained in some detail, there are various tenets governing trusts having legal and tax implications depending on the circumstances. One of these is the location of “central management and control” which the Courts have previously ruled as being the basis for determining residency. ...

Change of Circumstance Defence

Monday, June 20th, 2011

Too often an estate trustee distributes money to the wrong beneficiary or distributes the wrong amount.  What happens?  Does the recipient have to pay it back?  What if the money is already spent?  Is there a breach of trust? My colleague, Mark Gannage, recently helped me think through this problem.  The ...