Where the basis of the trustee's remuneration is a set amount1 and the trustee ceases, for whatever reason, to hold office before the time has elapsed or the work has been completed in respect of which the amount was set, a request or application may be made to determine what portion of the amount should be paid to the former trustee or the former trustee's personal representative in respect of the time which has actually elapsed or the work which has actually been done2.
The request or application may be made by the former trustee or the former trustee's personal
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234