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AND IN THE MATTER OF ARTICLES 51 AND 53 OF THE TRUSTS (JERSEY) LAW 1984, AS AMENDED
On 8 th December, 2015, we made an order approving the decision of EFG Trust Company Limited as trustees of the R Trust ("the Representor") to add Mr B ("Mr B") as a beneficiary of that trust and to distribute the whole of the trust assets to Mr B in order to enable their onward distribution to Mr B's former wife ("Mrs B"). These are our reasons.
The R Trust was established by way of a settlement dated 14 th June, 2011. Mr B was the settlor of the trust.
The R Trust is governed by Jersey law and is a discretionary trust. The trust instrument permits the addition of the beneficiaries and also the appointment of a protector although none has been appointed.
The only beneficiaries of the trust are the two minor children of Mr B and Mrs B namely D and E and the net asset value of the trust is approximately US$1.8 million.
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