Martyn Frost FCIB, TEP Trustee Manager, Barclays Bank Trust Company Limited
and Vice-President, The Association of Corporate Trustees (From Issue 6,January 1999)
Publication of the Court of Appeal judgement in Bogg v Raper (The Times 22nd April 1998) has served to focus attention on exoneration clauses again, following the previous recent review in Armitage v Nurse (1998) All ER 705`.
Whilst some may take comfort in the court finding for the executors of the will, the return of this subject does raise awkward questions for those who are professionally involved with the administration of estates and trusts and seek the protection of exoneration clauses.
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The Trust Quarterly Review is published in partnership with STEP, it discusses matters of interest to trustees and executors with a focus on the particular interests of trust corporations in mind
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