Have you heard the one about a capital-only trust, a church trustee and a parishioner who walked into a Court…
A recent Victorian case[1] serves as a constructive lesson for trustees to make sure that they read and understand the trust instrument and abide by its terms or face the consequences. It is a long and complex case, but we have extracted the core contentions. The Gore Charitable Trust (Trust) was established by the will as … Have you heard the one about a capital-only trust, a church trustee and a parishioner who walked into a Court…