A Trustee’s Discretion is Not Absolute
May 8, 2022 By Brian Babcock Unfortunately, family members do not always get along, and this may affect the administration of your estate. What happens if this leads to trustees of your estate abusing their power? The traditional approach to reviewing duty of a discretionary trustee is to consider whether and when they should exercise […]
Not Every Good Cause is a Charitable Purpose
May 8, 2022 By Brian Babcock Charitable trusts are major exceptions to the rule that a trust must have a person or persons as beneficiaries. A charitable trust also receives favourable tax treatment, and is exempt from rules about accumulating income or holding property in perpetuity. We have discussed purpose trusts generally before, but a […]