Q&As

If a person is appointed as both executor and trustee but has power as executor reserved in the grant, would they need to retire as trustee from an ongoing life interest trust as they did not take out the grant?

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Published on LexisPSL on 12/08/2016

The following Wills & Probate Q&A provides comprehensive and up to date legal information covering:

  • If a person is appointed as both executor and trustee but has power as executor reserved in the grant, would they need to retire as trustee from an ongoing life interest trust as they did not take out the grant?

If a person is appointed as both executor and trustee but has power as executor reserved in the grant, would they need to retire as trustee from an ongoing life interest trust as they did not take out the grant?

A trust is created where one or more persons (the trustees) are under an obligation to hold property in their name or under their control (the trust fund) and to administer that property in accordance with the provisions of the trust, which can be enforced by the beneficiaries for the interests of those persons entitled under

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