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Круги от Большого разговора с Президентом все еще расходятся, обсуждают и анализируют малейшие детали, каждый поворот беседы. С интересом продолжают этим заниматься журналисты и зрители, белорусы и не белорусы, и даже корреспонденты «Эха Москвы». Хабалки Ирина Петровская и Ксения Ларина.
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Facts
A settlor set up two family trusts. One trust was created primarily for the benefit of his surviving spouse (Trust One) and the other was created primarily for the benefit of his two daughters (Trust Two). Sadly, one of his daughters passed away. This triggered a clause in the trust instrument for Trust Two which stated that, upon the daughter s death:
The Trustees shall transfer her share of the Trust Fund as determined under clause 7.2… as to one half to the [Trust One], and the other half to the surviving Daughter s share of this trust fund.
The unfortunate issue facing the trustee was that the critical term share was not defined in the trust instrument. The reference to another clause (Clause 7.2) was unhelpful as it suggested that the share should be calculated by reference to a previously applied notional split of the trust fund in line with the Settlor s wish to maintain the application of equal benefits to the Daughters as far as possible . However, the clause
Facts
A settlor set up two family trusts. One trust was created primarily for the benefit of his surviving spouse (Trust One) and the other was created primarily for the benefit of his two daughters (Trust Two). Sadly, one of his daughters passed away. This triggered a clause in the trust instrument for Trust Two which stated that, upon the daughter s death:
The Trustees shall transfer her share of the Trust Fund as determined under clause 7.2… as to one half to the [Trust One], and the other half to the surviving Daughter s share of this trust fund.
The unfortunate issue facing the trustee was that the critical term share was not defined in the trust instrument. The reference to another clause (Clause 7.2) was unhelpful as it suggested that the share should be calculated by reference to a previously applied notional split of the trust fund in line with the Settlor s wish to maintain the application of equal benefits to the Daughters as far as possible . However, the clause