06 July 2006
My attention has recently been drawn to paragraph 15.211 of Simon's Taxes, in which an obscure legal argument is presented to the effect that where a share of property is held in trust, it is not possible for the beneficiary under the trust to have an entitlement to occupy that property. By necessary inference, if a one-half share in the property is in one trust, and another half share in another, no one has any right to live at that property!
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