A trustee taking legal action properly to defend the assets of the trust can expect to be indemnified from those assets.
Citations:
(1805) 10 Ves 562
Jurisdiction:
England and Wales
Cited by:
Cited – Alsop Wilkinson v Neary and Others ChD 4-Nov-1994
The second defendant, a solicitor, had fraudulently taken money from trusts, and paid money into trusts for his own family. It was claimed that the payments were intended to defeat the recovery of the funds. The trustees sought protection on costs . .
Lists of cited by and citing cases may be incomplete.
Trusts
Updated: 23 November 2022; Ref: scu.198265
