Say you want to claim the capital or remove the Trustee on a Trust fund, 1st though you want to establish the "True-settlor". Say the person A transferred money into Person's B's bank account to set up a family trust for "Person B's" relative. Would the settlor be person A or B?
This becomes especially relevant if person A is now deceased, and you want person B to be removed as a Trustee and if you think they are trying to sell the property and you are the sole-beneficiary.
So yep, I just wanted to know in a situation like that, who would the True settlor B, as Person A put up the cash and gave it to Person B, for the purposes of setting up a trust fund, but Person B did all the paperwork and transferred the money into the trust account that Person A, gave them.
I suppose my question has a lot to do with the sole-beneficiary trying to claim the capital of the family / discretionary trust fund and wanting Person B removed as a Trustee.
This becomes especially relevant if person A is now deceased, and you want person B to be removed as a Trustee and if you think they are trying to sell the property and you are the sole-beneficiary.
So yep, I just wanted to know in a situation like that, who would the True settlor B, as Person A put up the cash and gave it to Person B, for the purposes of setting up a trust fund, but Person B did all the paperwork and transferred the money into the trust account that Person A, gave them.
I suppose my question has a lot to do with the sole-beneficiary trying to claim the capital of the family / discretionary trust fund and wanting Person B removed as a Trustee.