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Trust advise help regarding constitution of trusts
Last edited by Zara989898; 3 weeks ago
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#2
Does this help? Oberman v Collins
I haven't read it carefully but it might help you work out the issues.
I haven't read it carefully but it might help you work out the issues.
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#3
(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😔
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😔
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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.
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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#5
(Original post by Law004639)
Okay thanks! just confused as it says advise phils parents regarding their respective rights in both properties???
Okay thanks! just confused as it says advise phils parents regarding their respective rights in both properties???
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