Im representing case as a lay representative, and with due respect,may I ask this question.
Life assurance trust policy.
The settler created a whole of life trust in 1992, settler passed away in 2004.
The settler also created a will trust and probate was granted in 2005.
The trustees of this trust claimed they were contacted by the life assurance company in 2012.
The life Assurance Policy had 2 different trustees,these are seperate from the Will Trust and the company who runs the trust.
The Will trustees contacted the life assurance trustees who were mentioned on the life policy,and asked them to retire in favour of them.
The life Assurance company said there was 4 default beneficiaries and were named .
The Will trustees waited until they were appointed and declared loss of policy and loss of deeds,then they have commingled the life policy into the estate,and also changed the designations of the named beneficiaries under the instructions of the executor .
Now there is a huge tax problem amounting to millions.
Will trustees have slandered 2 beneficiaries,and on this have done a deed of variation.
They have removed 1 absolute intitled beneficiary and reduced the other.
There has been non disclosure,use of personal details as in ni numbers and tax number too.
Is there a case for breach of duty and deprivation.