Q&As

The settlor of a personal injury (PI) bare trust wishes to use some of their damages award (ie the trust fund) to pay off some of their son’s university debts. The son is the sole trustee of the PI trust. Is the son, in his role as trustee, able to follow the settlor’s wishes in this respect?

read titleRead full title
Published on LexisPSL on 19/04/2018

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • The settlor of a personal injury (PI) bare trust wishes to use some of their damages award (ie the trust fund) to pay off some of their son’s university debts. The son is the sole trustee of the PI trust. Is the son, in his role as trustee, able to follow the settlor’s wishes in this respect?

The settlor of a personal injury (PI) bare trust wishes to use some of their damages award (ie the trust fund) to pay off some of their son’s university debts. The son is the sole trustee of the PI trust. Is the son, in his role as trustee, able to follow the settlor’s wishes in this respect?

We refer you to Practice Note: Personal injury trusts, which explains the different types of trust that may be used to hold

Related documents:

Popular documents