Breach of Trust Brings Jail for Fraudulent Trustee

Yet another sad case reported recently shows the wisdom of appointing only those who are absolutely trustworthy and/or insured professionals as trustees over your assets.

The court heard how a trustee appointed to safeguard the assets of a 17-year-old boy helped herself to up to £2,000 a month out of the trust assets before her fraud was uncovered.

The boy's parents both died of natural causes over a short space of time and he was left a lump sum of £125,000 plus a small monthly income. They had appointed a friend as trustee and, over 30 months, half of the money left to the boy was dissipated for her own purposes.

The trustee was sent to jail for two years and three months, but lacks the assets to be able to repay the money – an order to repay £1,500 was all that the court considered feasible.

To make an appointment with one of Clark Brookes Turner Cary Solicitors' practical, down to earth Midlands family lawyers call our West Bromwich office on 0121 553 2576 or Stratford-Upon-Avon office on 01789 267646.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.