We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Trust compensation
Options
spikey54
Posts: 3 Newbie
In 1985 I received a payment of £5k from a trust which had been administered by a bank trust company. In 2015 the company wrote to me advising that I had been "disadvantaged as a life tenant and a remainder man of the trust" and as such I was entitled to compensation. According to them the fees for acting as trustee from 1966 to 1985 were calculated using the wrong fee scales. They then paid me a further £1700 which they advised was the income and capital compensation due as a result of this error. While I was very happy to receive the £1700 I have no idea whether or not it was reasonable compensation or if I should have challenged it? Hoping for some guidance if anyone has knowledge in this area.
Thanks
Thanks
0
Comments
-
Do you have any facts or figures or records showing you are due more? If not, enjoy the bonus money, it'll have been calculated along some sort of official guidelines
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards