Equity and Trusts Essay Example | Topics and Well Written Essays - 3000 words

Equity and Trusts - Essay Example However, at times, it can be stressful and intimidating depending on the experience of the chosen executor. As such, those who are inexperience in estate distribution may inadvertently land themselves or the estates under their watch at risk. According to Beckert (2007), estate administration or settling an estate is defined as the process in which a deceased person estate and financial affairs are brought to a close. This paper focus on distribution of Adams will in line with British trust laws. Executor and executorships responsibilities The role of an executor is to implement what is stipulated in the will in accordance with laid down trust law. According to Dauncey (2005), all beneficiaries must be treated fairly and equitably. The executor should gather information about all assets, locate them and ensure their protection. In addition, liabilities, debts and any unpaid taxes must also be assessed and payments made. In Williams v Williams, the judge upheld that the executor must have the ability, knowledge and clear understanding of testators’ estate in order to properly oversee investments, business interests, and real estate holdings and manage them in an effective manner. In order to ensure distribution of the deceased person estates, the executor may engage agents such as lawyers, accountants and trust professionals to assist in interpretation of the will provisions and the law for proper administration. Laws of succession are concerned with transfer of personal and real property from the testator to the successor. In 19th century, the British enacted Married Women Property Act that gave married women the right to own and control property inherited from their husbands. According to Succession Act 1981, section 45(1), in the event that a testator is a trustee, the clause excludes the vesting powers of a personal representative to act as the trustee of the property. In Adam’s case, the testator was a trustee, but in addition, had appointed t wo other trustees, Ahmed and Jake to manage his property. Therefore, the appointed trustees assumed powers, authorities and discretions of a trustee since they had been given powers upon creation of a trust. The Wills, Estates and Succession Act, 2009, provides that only property within the deceased estate shall be allocated to the beneficiaries in line with the will, trustees deed or by following scheme of intestate succession. Section 42 through to 50 of Wills, Estates and Succession Act, 2009 provides that testators property included in the will, trustees deed is said to â€Å"pass â€Å" by the instrument in which it is bequeathed. However, any property that is subject to bequeath in respect of Family Law Act, 2009 may pass to the surviving dependants directly. Adam and with his family were involved in a plane crash and unluckily, Adam and his three children succumbed to injuries. However, the wife Alexandria who was pregnant survived though the doctors termed her condition as critical. Alexandria was pregnant and later on gave birth to twins. Luckily, Adam had written a will which was witnessed by two persons, that is personal assistant and the secretary. Additionally, the deceased had also issued some oral instructions on administration of his estate. However, Ahmed and Jake who were appointed as executors will

The Fugitive Movie Review Example | Topics and Well Written Essays - 750 words

The Fugitive - Movie Review Example As a suspect, police arrests Kimble and accuses him of having committed the murder of his own wife. Without having a sound reason for suspecting or arresting Kimble, the police convict him and the court sentences Kimble to death. The police carries him to the prison where he would wait till he is executed. In the bus in which Kimble is taken to the prison, there happen to be three prisoners in addition to Kimble. They mutually prepare a plan of escaping from the bus. This causes the bus driver to lose control of the bus and the bus slips off the embankment and gets crashed on the way to the jail. This provides Kimble with a chance to escape. Kimble manages to break free of the hold of police and runs away. Deputy Samuel Gerard who is also in Chicago assumes the responsibility of finding and arresting Kimble ninety minutes after Kimble’s escape. During this time, instead of relying on the capability of police, Kimble commences an investigation on his own and tries to find out t he murderer of Helen. In this course, Kimble is also keen to involve Deputy Samuel Gerard and other members in his team. The police do not accede to his proposal and the Deputy constantly follows Kimble. This leaves Kimble with no choice but to keep away from all of his relatives and fellows. Kimble leaves no stone unturned in his efforts of catching the murderer. Meanwhile, the Deputy also starts to believe that the case is indeed more complicated and vague than he had originally anticipated. His ingenuity and uninterrupted determination gain fruition and Kimble reaches the conclusion that there is no one in this world that he can trust. The murderer ultimately discovered turns out to be a one-armed man. The concept has been derived from a television series that was telecast in 1960s. In that series, the title role was played by late David Jansen. However, the story has been too modified to leave any touch of the original source of idea. In that series, the adventure was narrated w eek after week of Jansen’s escape, and there was much more to attract the audience than simply the murderer’s chase unlike this two hour film, in which chasing the real criminal is the focus of the plot. The Fugitive is an exceptional movie based on murder investigation. Among all scenes in the movie, the ones that were shot before the commencement of the chase are the most dramatic and purposefully included. Everything that is related to the assassination is clearly conveyed to the audience in a prologue of no more than fifteen minutes. The scenes are quite well-edited. The doctor has to cope with two miseries simultaneously. He is convicted for the murder of his beloved wife. In such tough circumstances, he makes rational decisions which lead him to success in the long run. The opening scenes are followed by a non-stop thrill made by the Deputy and his men for about thirty minutes. These scenes are full of energy and the audience keeps on the seats’ edges. The speed of action considerably fades away in the second hour of the movie as Kimble starts finding the one armed man. However, giving this portion of the story more time does make sense as most of the problems of the movie are engrossed in this part. The performance of Harrison Ford in this movie is much more emotional than it was in Patriot Games. The performance that is indeed, most worthy of discussion and appreciation is that of Tommy Lee Jones. He had been struggling for a couple of years until 1993, when his superb performance in this movie became a potential