Unfortunately, the relationship between the Trustee(s) and the beneficiaries can sometimes break down. This can often lead to further issues and can sometimes impact the running of the Trust.
Resolving such issues requires specialist help, our team have many years of case experience dealing with these kinds of matters.
Unfortunately, disputes may arise from time to time. In our experience, some of the most common reasons for why a Trust Dispute may arise are set out below:
Where lack of information may be a problem, a good starting point is for the beneficiaries to write to the Trustee(s) requesting specific information relating to the Trust. Whilst beneficiaries are entitled to certain information about the Trust, they are not entitled to all information. If you are struggling to obtain information which you believe your are entitled to, it would be a good idea to speak with a solicitor.
In some cases, beneficiaries may find that they are not receiving any provision from the Trust, or the provision they have received may be different to what they were expecting. The provision that may be due is entirely dependent on the type of Trust, the powers of the Trustee(s) and the Trust documents. You may wish to instruct a solicitor to review the Trust documents for you to try and work out what provision may be made for you.
Unfortunately, the relationship between the Trustee(s) and the beneficiaries can sometimes break down. This can often lead to further issues and can sometimes impact the running of the Trust. In some cases it may be necessary for a Trustee to step down from their role and/or an Independent Trustee be appointed by the Court. If this is something that you are experiencing, please do not hesitate to contact us.
Trustees have a number of legal duties which determine how they should act whilst running the Trusts. Sometimes, Trustees may breach their duties. This may be a simple error, which may be rectified. However, in extreme cases a Trustee’s breach of their duties may result in them being forced to step down from their role. If you have any concerns in relation to how a Trustee may be acting, then please do contact us to discuss the same.
If you have any concerns about how a Trust is being run, or you wish to obtain further information, please do not hesitate to contact our team and we will be happy to assist.