Decisive Action

There is no denying the advantage of acting early and acting swiftly in defending the rights of beneficiaries particularly if it is suspected there may be flagrant misappropriation of trust assets by trustees.

It is vital to preserve the remaining assets through decisive actions including replacing the trustee, asset tracing, asset recovery and other legal procedures necessary in whichever jurisdictions the assets are held or wherever the trustee resides or has hidden the money.

Duties of Trustees

Trustees have a duty to execute the trusts as set out in the Deed and as prescribed by law. Duties of competence and good faith are owed to the beneficiaries including the provision of timeous accusations. We have extricated accounts from numerous reluctant trustees.

Following the Money

Key to identifying the level of misconduct is analysing the trustees obligations, analysing their activities and then following the money. There is always a trail. Sinels have the capacity to conduct such investigations and can act with expedience to enforce a beneficiary’s rights to receive an accurate account of the trust estate including timely accounting reports and if necessary, to remove a defaulting trustee.

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Beneficiary Claims Services

Enforcing Beneficiary Rights

Trustees may at times through inefficiency or avoidance for more sinister reasons, fail to perform their duties towards the beneficiaries of a trust. Misapplication of funds and investment failures are at the top of the list. Beneficiaries who have regularly requested and been denied proper accounting reports find in Sinels an experienced team determined to enforce their rights. We have successfully recovered tens of millions of pounds for disaffected beneficiaries.

Trust Disputes

Sinels are specialists in trust law and litigation, meeting the needs of our private and corporate clients from simple maladministration to breaches of trust and fraud.

Supporting Legitimate Actions by bona fide Trustees

Trustees faced with complex trusts and fractious families can face a perilous task with the potential for personal liability for making the wrong decision. Sinels provides advice at an early stage on how to avoid being sued. Sinels is able to support through the mechanism of an application for the advice or direction of the court. Should an application for directions be accepted by the court, it can insulate the trustees from liability.

Removal and Retirement of Trustees

In extraordinary circumstances, it is necessary and appropriate to remove a trustee from its position. Most trust deeds have some written provisions to guide the process for both retiring and replacing trustees, however, there are other circumstances where the trustee needs to be removed by legal action or the threat of legal action. Sinels has decades of experience in removing and replacing trustees, often against their wishes.