Gifford-Devine

Bankruptcy and Trusts

The present economic downturn has thrown up the problem of what to do when a settlor and/or a trustee becomes bankrupt. This article looks at possible remedies for both situations.

Gifford-Devine

Loans and Capital Distributions to Beneficiaries

In the last issue of Trust eSpeaking (September 2008), we discussed the scenario that often occurs when trustees provide funds to beneficiaries, for example, to help in the purchase of a house.