The following Private Client Q&A provides comprehensive and up to date legal information covering:
The answer to the question depends on the precise terms of the Will. We understand that there is an interest in possession for the testator's widow, with remainder to be held on discretionary trusts, which include the widow within the class of discretionary beneficiaries, but we are not told whether there is a an overriding power of appointment over the funds held on life interest trusts.
If there is a power of appointment over the funds held on life interest trusts and if the widow is an object or one of the objects of such a power, the trustees could exercise
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The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these to the company's or individual's creditors. Office-holders have various duties and powers in order to ensure that they do this. For
This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.Note: this Practice Note does not deal with the
A declaratory judgment is a judgment identifying the rights, duties or obligations of one or more parties in a dispute. It is legally binding, but does not order any action by a party. A court may issue it alone or in conjunction with some other relief such as an injunction and can be granted on an
This Practice Note provides a high-level introduction to diversity and inclusion (D&I) and key reasons why it is important to law firms. Specific aspects of D&I are covered in more detail in Practice Notes:•The growing focus on diversity and inclusion (D&I) in law firms•Unconscious bias—law
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