My question concerns the exercise of trustees’ powers under a discretionary trust to permit a beneficiary to occupy a residential property owned by a trust.
One view is that the trustees only have to exercise their powers once, eg to permit X to occupy the property rent free subject to keeping the property repaired and insured, until further notice.
Another view is that, to show that trustees are seen to be exercising their powers periodically, that such permission needs to be re-granted, say every year.
I would be grateful for members’ views on this issue.
Graham & Rosen Solicitors