Re Evans [1999]
Key Notes
• Recommendation for Missing Beneficiary Insurance: In Re Evans, the court recommended that trustees take out missing beneficiary insurance to cover the costs and potential complications associated with missing beneficiaries.
• Particularly for Small Estates: This advice is particularly useful in cases where the estate is small, as the costs and inconvenience of applying for a Benjamin order may outweigh the benefits.
• Mitigation of Risk: The recommendation serves to mitigate the risk of potential delays and legal expenses in cases where beneficiaries are untraceable, providing a safeguard for trustees.