The 2016 Trust
holds the benefit of the loan made to the parties to purchase the London house (now standing at c.$5.3 million) and investments of c.$8.3 million. The total is therefore $13.6m. In the past, this trust (or its predecessor trust) has given the wife’s four sisters $2.2m cumulatively outright. This trust is not a defendant to the civil litigation. The wife’s mother has the power to appoint shares in this trust in her Will. In default, on her death the trustees shall distribute all property in five equal shares, one each for wife and her sisters. 41.