A life interest Will trust has ended and the trust fund comprises a flat worth £325,000 and cash of £200,000. There are two remaindermen, one of whom is also one of two trustees and would like the flat transferred. The other remainderman agrees this can be done and will take the cash, as long as money is paid to equalise the value each receives. However, no cash is available to equalise and the idea of a charge over the property has been dismissed. Both remaindermen would accept entering into an IOU. What issues does this option raise for the trustees and the beneficiaries?