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Forbes Solicitors' trust disputes solicitors provide expert legal advice on resolving disputes related to trusts. Our experienced team can assist with a range of issues, including breach of trust, trustee disputes, and contentious probate. We understand the importance of maintaining good relationships within families and work to achieve the best possible outcome for all parties.
In a trust, assets are managed by one person or people (the trustee) for the benefit of another person or people (the beneficiary). Disagreements can arise between the trustees or between the trustees and the beneficiaries about how the trust is or should be managed.
The validity of a trust can also be challenged and it is possible for the trust to be set aside if the proper legal formalities have not been complied with.
Trusts can also be set aside if they are a sham. This means that the trust is just a pretence, created to deceive or defraud another person or government authority.
Offshore disputes involve trust assets or activities located in or administered by a foreign jurisdiction.
Trust disputes can arise for a variety of reasons and, because the law on trusts is not always straight forward, legal disputes can often have serious consequences on both the trust and for its beneficiaries.
At Forbes, we have a specialist, dedicated team of solicitors who specialise solely in trust disputes, allowing us to deal with cases of any size, from issues relating to a small family will or trust, to large, complex trusts with an international element. Our expert solicitors work alongside an international network of specialists, giving us unrivalled experience of dealing with cases that are of high value and with an international element.
Trusts can be unwritten or can be created by a will or by a trust deed, and often trustees find the position thrust upon them. Trustees have a list of fairly complex and sometimes onerous duties, which include acting in the best interests of the beneficiaries, acting impartially and a duty to be ready with accounts. Because of this, legal disputes can often arise in a range of circumstances, including:
A 'breach of trust' is an act (or a failure to act) by a trustee that is not authorised either by the trust document or by law. This could include:
At Forbes, our expert team act for beneficiaries in bringing claims against trustees where they are in breach of trust, as well as acting for trustees in defending such actions. For more information, or to speak to our expert team, contact us today.
For the majority of trust disputes, the limitation period in which you can file a claim is normally 6 years from the date of knowledge of the breach, unless fraud is alleged.
Time is often critical in trust disputes, particularly if you suspect that a trust's assets are being misused or dissipated. If you are a trustee, you are under an obligation to act in the best interests of the beneficiaries and protect the trust assets, so it is imperative that you seek legal advice at the earliest possible opportunity.
In some circumstances, if all the current and remainder beneficiaries agree, a trust can be dissolved. Generally the manner by which a trust can be brought to end end depends on the type of trust. In cases such as this, all of the trust's income and assets are distributed to its beneficiaries. For more information about dissolving a trust, contact our team of international trust dispute solicitors.
The Contentious Trusts and Probate team at Forbes have significant experience in a wide range of trust issues, from complex trusts with an offshore element, charitable trusts and SIPP/SSAS pension trusts to Will trusts.
At Forbes Solicitors, our trust disputes lawyers have extensive experience in handling complex and high-value trust disputes. We provide tailored legal advice and representation to clients, ensuring that their interests are protected and their objectives are achieved. Our team is dedicated to delivering exceptional client service, and we work closely with our clients to understand their needs and provide practical solutions. With a proven track record of success, we are the trusted choice for clients seeking expert advice on trust disputes.
Our team of trust disputes solicitors help individuals and families who are involved in disputes over trusts, including beneficiaries, trustees, executors, and other interested parties.How can our trust disputes lawyers help?If you find yourself in need of a trust disputes lawyer,wecan help by providing legal advice and representation in disputes related to trusts, including breach of trust, mismanagement of trust assets, disputes over trust distributions, and challenges to the validity of a trust. We can assist in negotiating settlements, mediating disputes, and litigating in court if necessary. Our goal is to protect our clients' interests and ensure that their rights are upheld in trust disputes.
Get in touch with our teams today to benefit from their vast experience in providing professional legal services for cases involving Trust disputes, sham trusts, and offshore disputes. We deal with clients across the country so don't hesitate to speak with us now.
Common causes of trust disputes include disagreements over the interpretation of the trust deed, disputes between beneficiaries, disputes between trustees, and allegations of breach of trust or misconduct by trustees. Other causes may include disputes over the distribution of trust assets, disputes over the appointment or removal of trustees, and disputes over the validity of the trust itself.
There are several types of trusts in UK law, including bare trusts, discretionary trusts, interest in possession trusts, and accumulation and maintenance trusts. A bare trust is a simple trust where the beneficiary has an absolute right to the trust assets. A discretionary trust gives the trustees discretion over how to distribute the trust assets. An interest in possession trust gives the beneficiary a right to the income from the trust assets. An accumulation and maintenance trust is designed to provide for the maintenance of a beneficiary until they reach a certain age.
To prevent a trust dispute from happening, it is important to ensure that the trust document is clear and unambiguous, and that all beneficiaries are aware of their rights and responsibilities. Regular communication and transparency with beneficiaries can also help prevent misunderstandings and disputes. It is also advisable to seek professional legal advice when creating and managing a trust.
The legal options available to resolve a trust dispute include mediation, arbitration, and litigation. Mediation involves a neutral third party helping the parties reach a settlement. Arbitration involves a neutral third party making a binding decision. Litigation involves taking the dispute to court, where a judge will make a decision. The specific legal option chosen will depend on the nature of the dispute and the preferences of the parties involved.
The length of time it takes to resolve a trust dispute can vary depending on the complexity of the case and the willingness of the parties to reach a settlement. it can take anywhere from several months to several years to resolve a trust dispute through litigation or alternative dispute resolution methods such as mediation.
Yes, a trust dispute can be resolved without going to court through alternative dispute resolution methods such as mediation or arbitration. These methods can be less costly and time-consuming than going to court. However, if the parties are unable to reach a resolution through these methods, court proceedings may be necessary. The use of alternative dispute resolution methods is encouraged by the UK courts.
The potential outcomes of a trust dispute may include the removal of a trustee, the alteration of the terms of the trust, the distribution of trust assets, or the termination of the trust. The court may also award damages or costs to the parties involved in the dispute. Ultimately, the outcome will depend on the specific circumstances of the case and the evidence presented.
The time limit for bringing a breach of trust claim is six years from the date of the breach or, if the breach was concealed, six years from the date of discovery of the breach. However, in some cases, the time limit may be extended to 15 years.
A beneficiary cannot unilaterally dissolve a trust in a dispute. Only the trustee or a court order can dissolve a trust. However, a beneficiary can challenge the trust's validity or seek to remove the trustee through legal action. The outcome of such disputes will depend on the specific circumstances and evidence presented.
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