Friday, 23 April 2021

Dear Beneficiary ...


If you see this, you probably already know it is a bad idea to answer the letter.

How does a trustee NOT contact beneficiaries?

"dear beneficiary,
"we found a trust where you come out as only candidate for 1 million Pounds,
"in order to complete the transfer, we need you to tell us:
"name ...
"adress ...
"phone number ...
"bank account number ..."

Why doesn't he?

As trusts are (much outside the issue of US Anti-Trust laws, which concerned trustees managing the pooled resources of many "small companies" and these still retaining legal ownership of their portions and therefore the benefits in taxation or otherwise of being small), in UK, a very important institution, a trustee normally has some fairly extraordinary powers. As a foreigner I am guessing, but a trustee who could prove he was such or who habitually acted as such in his capacity of sollicitor, would in my opinion, once he had proven that he had a trust concerning you be very capable of finding all of this out himself without asking you to help him.

Now, it still happens people are not only beneficiaries, but even beneficiaries of trusts they didn't know of, and have to be notified.

Hence, what would an email (supposing that was the chosen first contact) from a trustee really look like?

"dear so and so, it seems you are beneficiary, can we meed and discuss the details?
"tomorrow at ten am at your favourite coffee room Moor Eeffoc at corner of Chesterton Lane with Dickens Street, not forgetting the beautiful back view on Nigglethorp, would that be OK, or is that too early?
"btw, the librarian will have a word too"

And once you get to you favourite coffee room Moor Eeffoc at Chesterton Lane with Dickens Stree, not forgetting the beautiful back view on Nigglethorp, he would tell you:

"I am sollicitor for Téméraire Law firm (a branch of Lewis Pianos), as you can see here.
"A millionaire at the library thinks the library has a somewhat bland taste in new book acquisitions.
"He has decided to trust some avid reader with acquiring more books, and you are the first choice ... the deal is, the trust will give you 300 Pound Sterling, to be spent in equal parts at Blackwells, Old Book Shops and acquiring Fanzines over Blogs. Once you have acquired for near 100 Pounds in any of these fields, you get to the library and show the receits, and then you will be paid the expenses and have 100 Pounds again in that field. You may not use any extra 100 from another field and you are definitely allowed to read the book - we know you handle them carefully - before handing it over to ..."

(word passes to the librarian you know)

"... me. I will then pay, if you notify me two days in advance, and I will otherwise pay you after two days, getting the money from ...

(word passes back to sollicitor)

"... me. If you don't care about it, I'll chose someone else as the settlor has given me this discretion. And after one year, if you stay faithful to this, you will get paid another 100 for each field."

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