Is anybody able to confirm what information, if any, the remaindermen of a Life Interest Trust are entitled to in terms of how the capital fund is being dealt with etc. I appreciate that the Trustees have a duty to balance the interests of the Life Tenant and the remaindermen but to what extent can the remaindermen request information on the capital fund whilst the Life Tenant is alive? Any particular authority would also be useful.
Zoe McManus
Barker Son & Isherwood LLP