11.3 The Big Farm Family Trust holds more than $15 million of assets for a 'tight knit' farming family. The father died more than 20 years ago; however, his wife and children have grown the farming business into a highly successful operation. The business is conducted via another trust structure as a means of keeping the business's liability separate from the entity that holds the bulk of the family wealth.

In meeting with these new clients, you ask to examine the Big Farm Family Trust deed so that you can understand the structure of the entity. Margaret is the mother and she is now in her late 70s and you're keen to understand her role in the Big Farm Family Trust. For example, is she just a beneficiary or does she have some form of control over it? After the meeting, the clients email you a PDF of the now decades-old trust deed and you note that the appointor of the trust is a name not mentioned by the clients at the meeting. You follow this with Margaret and she tells you: 'Oh, yes, yes, Bill Bloggs years ago; in fact, it must be 30 or more years since we sold the old farm.

What questions do you now have for Margaret, and why?