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Helen Cross's trustees need time to review a concentrated share portfolio after her death. Draft one clause permitting temporary retention of existing investments and later sale or reinvestment, without directing them to retain the shares permanently.
The executors of Amir Lane may use estate assets to satisfy a beneficiary's entitlement instead of paying cash, but only at a fair value and after considering other affected beneficiaries. Draft the appropriation power.
Trustees may appoint an investment manager to manage and review investments, but the manager must not decide whether or how trust assets are distributed to beneficiaries. Draft one agency clause stating that boundary.
Sonia Bell owns a small bookshop as a sole trader. Her executors may continue the business for up to six months after her death solely to preserve value while arranging a sale, and may employ a manager for that period. Draft the power with that purpose and limit.
Qualified accountant Reece Moon is appointed as one of Jo Moon's trustees. Jo instructs that Reece may receive reasonable professional fees for accountancy services actually supplied to the estate or will trusts, including services a lay trustee could have supplied. Draft only the charging clause.
Paul Neri's trustees may retain his rental property during a 12-month sale review, insure it, employ a managing agent for lettings and appropriate it at a professionally supported fair value towards a residuary beneficiary's share. Draft only the retention, agency and appropriation powers, keeping the final distribution decision with the trustees.
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