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JGM
JGM, Solicitor
Category: Scots Law
Satisfied Customers: 11431
Experience:  30 years as a practising solicitor.
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can a discretionary trust have its assets sold by the trustees

Customer Question

can a discretionary trust have it's assets sold by the trustees without permission of the beneficiaries?
Submitted: 3 years ago.
Category: Scots Law
Expert:  JGM replied 3 years ago.
Thank you for your question.

Yes, if the trust does not prohibit the realisation of assets then the trustees can take that decision. The beneficiaries have no say in the running of the trust and their permission is not required. .

Happy to discuss further.

I hope this helps. Please leave a positive response so that I am credited for my time.