Zara989898
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Trust advise help regarding constitution of trusts
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Lawschoolhack
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Does this help? Oberman v Collins

I haven't read it carefully but it might help you work out the issues.
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Lawschoolhack
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(Original post by Law004639)
Thank you I've just read the case! Can you help me in regard to Phils respective rights? Its clear he's the sole owner of the property. Also I'm so confused on the relationship between phils parents deposit and phils business! trusts is so confusing😔
There is no relationship between his parents and the business. In my view you should deal with the penthouse and the business separately. If you try to deal with them together you will end up with a confused answer.
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Zara989898
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(Original post by Lawschoolhack)
There is no relationship between his parents and the business. In my view you should deal with the penthouse and the business separately. If you try to deal with them together you will end up with a confused answer.
Okay thanks! just confused as it says advise phils parents regarding their respective rights in both properties???
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Lawschoolhack
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(Original post by Law004639)
Okay thanks! just confused as it says advise phils parents regarding their respective rights in both properties???
Then the advice would be that his parents don't have any rights in the business includingthe lease on Walkers Street. The question requires you to explain who owns what.
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