Alex Can a law firm be an EOT Trust?
In short, EOTs are an attractive alternative to the traditional law firm founder exit. Instead of merging, selling to a third party or closing down, founders have the option of converting their law firm to an employee-owned business. Think John Lewis on a smaller scale.
Can a trust agent be liable for knowing receipt?
“[S]trangers [to a trust] are not to be made [liable]…, unless those agents receive and become chargeable with some part of the trust property…”. [2] This liability is known as ‘knowing receipt’.
Who is responsible to the beneficiary of a trust?
If a trustee does not live up to this duty, then the trustee is legally accountable to the beneficiary for any damage to his or her interests. The grantor may act as the trustee himself or herself, and retain ownership instead of transferring the property, but he or she still must act in a fiduciary capacity.
How does a trust work in a will?
A Trust allows you to transfer property to a third person who will hold and use the property for a beneficiary of your choice in accordance with the terms of the trust. Persons who are beneficiaries under a Will or Trust but are being denied their legal share. A Will and Trusts Lawyer you set up a Trust or draft a Will for your specific need.
Who is Ray Louis and what does he do?
Ray Louis is a personal injury lawyer who represents his clients in motor accident and personal injury cases. Known in the industry as someone who fights hard for his clients, he has handled hundreds of cases in motor accident claims, including a reported case that went all the way to the Court of Appeal.
Do you need legal expertise for special needs trust?
In an era when estate and trust solutions are available online, I strongly advise seeking legal expertise in order to best meet family needs and resources. The laws surrounding SNTs and other possible solutions can be extremely complex and the rules surrounding welfare programs ever-changing.
“[S]trangers [to a trust] are not to be made [liable]…, unless those agents receive and become chargeable with some part of the trust property…”. [2] This liability is known as ‘knowing receipt’.
How many reviews does Ray Louis have in Singapore?
He constantly receives good reviews from his clients; as of October 2020, he has garnered the most of number of reviews in singaporelegaladvice.com (over 300 reviews, all verifed) He has strong knowledge and immense experience in criminal, family and personal injury cases.