LAW

Trust law Case

Trust law Case

The Problem

The case is about beneficiaries of the Robinson Family Trust. The trustee accept consistently been Jeff, an accountant, and Nadia, a aboriginal educational academy teacher. The beneficiaries accept advised that Jeff was able to atone out or abscond bill from the assurance agreeable his signature alone, and that abounding sum totals accept been extracted from the trust. In alone they accept appear allowance four sums: Jeff gave £25000 to his adherent Kylie, cogent her he had won it at the races. She added it to the `savings in her architecture association account. She has blown all if not £12,000 of the bill and has gone bankrupt. The £12,000 stays in her annual affirmation but she has astronomic debts. He also gave £20,000 to his mother, Katherine, any person who has adapted it to build a swimming-pool in her garden. Jeff hidden a bet of £12000 with Lennie, a book-maker at the provincial racecourse and compensated higher with a cheque drawn on the trust's bank account. Here the problem is that one of the beneficiaries has used the trust money for his personal use which is completely illegal. Now we have to suppose what are the rights and responsibilities of each party.

Suggestion & Recommendations

Here, accordin to the laws of UK, Trustee act 200 can easily be implemented which protects the right of trustee and tells him his responsibility. This act entails different articles which describes the scope, roles , right and responsibilities of the trustee and trusteeship and their relationship.

This Act regulates the activities of a trustee of employees (hereinafter trustee) for authorizing submission of its employees and the public employees (the employees) in their relations with employers and employees.

For purposes of this Act by the employer in the public service is a unit state or ...