Jersey Law Reports

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URL: http://www.bailii.org/je/cases/JLR/2007/JLR070660.html
Cite as: [2007] JLR 660

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In re Howe No. 1 Trust v 2007 JLR 660 (24 December 2007)

Trusts-powers and duties of trustees-exercise of discretion-investment decision may be invalidated under Hastings-Bass principle if would not have been made if trustee had not ignored relevant or considered irrelevant matter, e.g. recent change to UK capital gains tax law-fault or breach of duty by trustee/adviser not required-if trustee given incorrect legal advice, action under Hastings-Bass preferable to negligence action between trustee, beneficiaries and advisers

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