Posted in Case Note

Court: Federal Court of Australia Judge: French J This case commonly referred to as the Richstar decision was a significant decision in Australian corporate law and has also become a seminal case in trust law. The interest of the beneficiary of a trust was elevated to that of their own property...

In this case Mr McCowen engaged a Solicitor to draft his Will. He told the Solicitor that he wished to benefit his third wife, give $1,000 to each of his three children from his second marriage, and that he wanted his residuary estate to be shared by the three children from his first marriage. Th...