Pullan v Wilson and others

Trust and trustee – Remuneration of trustee. In considering whether the remuneration charged to the family trusts by the first defendant professional trustee had been reasonable, the Chancery Division held that the first defendant had discharged the burden of proving an agreement as to his hourly rate and that the claimant's knowledge of the charges had amounted to acquiescence. Accordingly, the first defendant's hourly rate and charges relating to company specific activities had been reasonable, but a discount of 7.5% was applied to all charges to reflect charges for excess administration.

Category: