I would be most grateful for your help.
I have a client with an onshore insurance bond written into a discretionary trust for the benefit for her spouse and children. The trust document looks to be a template produced by Standard Life.
My client is one of the trustees, but she doesn’t seem to know who the other trustee is, despite being the settlor. She settled this some 25 years ago.
We are unable to trace the second trustee by name or address, or social media and I wondered what to do. Ideally, I would like to remove the missing trustee and appoint a replacement in the family or to simply wind up the trust by assigning the bond to one of the beneficiaries. Is this possible with one trustee in absentia? If so, what is the process?
Many thanks .