Administrators’ fees: trust property | Practical Law

Administrators’ fees: trust property | Practical Law

The High Court has held that administrators cannot recover costs and expenses incurred in relation to the management and administration of trust property where the costs were incurred otherwise than for the benefit of the beneficiaries.

Administrators’ fees: trust property

Practical Law UK Articles 6-638-0388 (Approx. 3 pages)

Administrators’ fees: trust property

by Clifford Chance LLP and Practical Law Restructuring and Insolvency
Published on 26 Jan 2017United Kingdom
The High Court has held that administrators cannot recover costs and expenses incurred in relation to the management and administration of trust property where the costs were incurred otherwise than for the benefit of the beneficiaries.