Spotlight on private wealth - June 2020
Our quarterly update is designed to keep you up to speed with developments in the private wealth world.
In this edition we explore self-dealing by trustees, alongside a topical look at how COVID-19 is affecting will-making, fraud claims and the art world. If you have any feedback on this update or would like to know more about the issues covered, or anything else, please get in touch.Explore the latest edition
The big question
Trustees intending to buy trust property should not take a gamble. A trustee’s purchase of shares from the trust was set aside in the recent case of Caldicott v Richards1. The purchase was prohibited by the rule against self-dealing and the case provides a salutary reminder of the pitfalls trustees face if they want to do a deal with the trust. Read more