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equity/trusts, idk what you guys would call it over there
what ended up happening is:
dad (trustee/beneficiary/sole director of the company) used trust funds to buy a yacht for his stamp business (the trusts biggest asset), recession hit, business was in trouble, dad pulled two stamps worth $720k out from the bank (trust assets) to stimulate sales, got a friend to install an alarm system, it was negligently installed, stamps were stolen, insurance company refused to pay on the basis of the negligent installation, dad sold the yacht (bought with trust money) to pay business debts, business was liquidated, mum divorced dad, shitfuck kids seek compensation
i'm probably going to get brutalised by whoever is grading this, but i ended up manipulating the cases so that the dad was fully justified in all his actions, and doesn't have to pay his kids a damn thing
what ended up happening is:
dad (trustee/beneficiary/sole director of the company) used trust funds to buy a yacht for his stamp business (the trusts biggest asset), recession hit, business was in trouble, dad pulled two stamps worth $720k out from the bank (trust assets) to stimulate sales, got a friend to install an alarm system, it was negligently installed, stamps were stolen, insurance company refused to pay on the basis of the negligent installation, dad sold the yacht (bought with trust money) to pay business debts, business was liquidated, mum divorced dad, shitfuck kids seek compensation
i'm probably going to get brutalised by whoever is grading this, but i ended up manipulating the cases so that the dad was fully justified in all his actions, and doesn't have to pay his kids a damn thing