GUARDIANSHIP - application that trustee company be appointed as financial manager of defendant - trustee company proposes to outsource investment of defendant's assets to another company - precise arrangement needs to be clarified before orders appointing manager can be made
GUARDIANSHIP - applications to appoint trustee companies as financial managers of protected persons - usual practice should be for proposed manager and any proposed investment adviser for protected person to depose that their only reward will be their remuneration disclosed to the court and to provide an undertaking that any reward paid by a third party for investing the protected person's assets in a financial product will be accounted for to the protected person's estate
Case Details
Citation[2012] NSWSC 1555
CourtNSWSC
JurisdictionNew South Wales
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