hi everyone! I need some serious help!
I am the main beneficiary under my husband's Will together with my 2 children. He had some children from a 1st marriage who got some pecuniary legacies. apart those legacies, everything is contained in a trust managed by 2 (horrid) discretionary trustees.
I brought an action under the 1975 Act to dispute the Will as it was not making enough provision for me. Technically, the action is against my 2 children but in reality, all I have will pass to them anyway. the issue is that as things stand, I cannot manage given that most of the money is kept away from me in the trust for the kids but given that the trustees have discretionary powers, I am scared that the money will not go to the children if I leave things are they are. The trustees, who do not contest the fact that the estate is responsible for maintenance of my children have refused, using all sorts of excuses, to give me some money for my children.
i saw what they charged the estate for doing their job and the bills are ridiculously high! between the 2 trustees and their legal advisor (by the way, 1 of the trustees is senior partner in a law firm and his employee is conducting the litigation?!?! conflict?), they have charged the estate £160,000!!!
i asked them to give me an itemised bill for their charges and they refused on the basis that I was not the beneficiary under the residual estate.
can they do that? can they just charge whatever they want without my being able to challenge their fees?
given the action, nothing has been distributed to anyone yet.
help????
I am the main beneficiary under my husband's Will together with my 2 children. He had some children from a 1st marriage who got some pecuniary legacies. apart those legacies, everything is contained in a trust managed by 2 (horrid) discretionary trustees.
I brought an action under the 1975 Act to dispute the Will as it was not making enough provision for me. Technically, the action is against my 2 children but in reality, all I have will pass to them anyway. the issue is that as things stand, I cannot manage given that most of the money is kept away from me in the trust for the kids but given that the trustees have discretionary powers, I am scared that the money will not go to the children if I leave things are they are. The trustees, who do not contest the fact that the estate is responsible for maintenance of my children have refused, using all sorts of excuses, to give me some money for my children.
i saw what they charged the estate for doing their job and the bills are ridiculously high! between the 2 trustees and their legal advisor (by the way, 1 of the trustees is senior partner in a law firm and his employee is conducting the litigation?!?! conflict?), they have charged the estate £160,000!!!
i asked them to give me an itemised bill for their charges and they refused on the basis that I was not the beneficiary under the residual estate.
can they do that? can they just charge whatever they want without my being able to challenge their fees?
given the action, nothing has been distributed to anyone yet.
help????
Comment