Hi, love your videos! I just have a question surrounding this area of law. If a trustee pays off a debt with the trust money and it is paid into the creditor (third party’s) mixed account and then used to buy shares, is this still traceable and can the claimant make a claim over the shares they have bought? I find equitable tracing confusing when it involves third parties. Thanks
Although it would depend on the specifics of the case, it would still be possible to trace the money. Assuming they are an innocent volunteer, we would most likely apply the pari passu rule (such that the correct percentage of the account money and share money can be claimed by the beneficiaries)
watched your videos 2 hrs before my trust paper. it's very helpful. Thank you.
Almost 250 subs!!! You're doing so so well 🙌🏼🙌🏼🙌🏼❤️
Thank you! I can’t wait to get to 1000 😂❤️
Thank you this is so helpful
Glad I could help!! 🙂
Hi, love your videos! I just have a question surrounding this area of law. If a trustee pays off a debt with the trust money and it is paid into the creditor (third party’s) mixed account and then used to buy shares, is this still traceable and can the claimant make a claim over the shares they have bought? I find equitable tracing confusing when it involves third parties. Thanks
Although it would depend on the specifics of the case, it would still be possible to trace the money. Assuming they are an innocent volunteer, we would most likely apply the pari passu rule (such that the correct percentage of the account money and share money can be claimed by the beneficiaries)