BREACH OF TRUST - JEFFREY V GRETTON & RUSSELL [2011]
APRIL 28TH 2011 | 05:43 TAGS:
Trustees who took a decision to carry out work to trust property over a period of six years rather than sell it without taking professional advice were in breach of their duty of care owed to the beneficiaries. However, fortunately for them, the result was not a loss to the beneficiaries and so no personal liability which would otherwise have fallen on the trustees. As the judge said “it is a case of a thoughtless breach of trust that happens to have turned out well.”
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