- General Defences to Criminal Liability Assignment UK
- The Principles of Business and Resource Management for Leaders of Adult Social assignment NVQ Level 5 Assignment UK
- Printed Circuit Board (PCB) Inspection Jig BTEC (RQF) Level 4 Assignment, PC, UK
- Property Law: Research, Case Analysis, and Legal Advice Assignment UK
- SCEE08002 Structural Mechanics 2 Laboratories Assignment UK
- Working in Partnership in Health and Social Care Assignment UK
- Aircraft Structural Mechanics 3 Design & Optimisation Project UK
- Responsibilities of a Health and Social Care Worker NVQ Level 3 Assignment, LCPA UK
- TC50324E: Measurement and Documentation Assignment 1, UOWL, UK
- Business Ethics and Responsible Management Semester 1 Assignment, URBS, UK
- Working in Partnership in Health and Social Care Management Assignment UK
- HH5561 Health Economics and Decision Modelling Assignment, UOG, UK
- Civil CEP: Numerical Analysis Assignment 1, UOB, UK
- CIPD Level 3 Foundation Unit 1 Assignment, OU, UK
- HSC301 State the Roles and Responsibilities Assignment, ILC, UK
- ProQual Level 6 NVQ Diploma in Occupational Health and Safety Practice Assignment UK
- Corporate Finance and Business Valuation Assignment
- HNC-D 10 Financial Accounting Assignment
- MN5612 Digital Marketing Strategy Assignment
- Social Roles In The Caring Professions Assignment Brief
5LA533: Mark died in January 2021, leaving his residuary estate to his sole executrix, Justine, to hold on trust for his children: Equity and Succession Assignment, UD, UK
| University | University Of Derby (UD) |
| Subject | 5LA533: Equity and Succession |
Mark died in January 2021, leaving his residuary estate to his sole executrix, Justine, to hold on trust for his children, Danny and Sabrina.
In December 2021, Justine withdrew £10,000 from the estate’s trust account and paid £5,000 each to Mark’s nieces, Marie and Pamela. She did this in the mistaken belief that the terms of Mark’s will gave her the power to make payments to his nieces.
Marie paid her £5,000 into her current account, which already contained £5,000. She has since withdrawn £4,000 from her current account and spent it on a holiday. The current balance of Marie’s current account is £6,000.
Do You Need Assignment of This Question
Pamela used her £5,000 to contribute towards some expensive structural work that she has recently had done on her house.
In January 2022, Justine withdrew £10,000 from the trust account and paid it into her own account which already contained £10,000. She then withdrew £8,000 and spent it on shares in Gold Bullion Ltd. Next, she withdrew the remaining £12,000 and used it to repay a debt that she owed to her friend, Cuthbert. After these activities, her account was left with a nil balance.
In need of more money, in February 2022, Justine withdrew a further £12,000 from the trust account and paid it into her current account. She then withdrew £12,000 from the Green family trust account, of which she is also a trustee, and paid it into her current account. From this balance of £24,000, Justine withdrew £12,000 and used it to pay for a trip around the world.
Upon her return, Justine won £5,000 in a photography competition. She paid this £5,000 into her current account.
In January 2023, Justine was declared bankrupt. At the date of her bankruptcy order, the balance of her current account was £17,000.
Danny and Sabrina are now aware of the payments to Marie and Pamela, and of the trust money that was misappropriated by Justine and paid into her own current account. The shares in Gold Bullion Ltd are now worth £10,000.
Buy Answer of This Assessment & Raise Your Grades
Seeking a trusted ‘Do My Assignment‘ service in the UK? Your search ends here. At Students Assignment Help UK, we cater to University of Derby students pursuing 5LA533: Equity and Succession. Our dedicated team offers simplified solutions, making complex assignments hassle-free. Score high and save time with our expert assistance. Connect with us to pave your way to academic triumph.
Answer
