Question
Burak and his wife, Gizem, have life interests in a family trust, which was established by Gizem's father. The remainder is shared equally between their
Burak and his wife, Gizem, have life interests in a family trust, which was established by
Gizem's father. The remainder is shared equally between their children, on condition that
they remain fans of the English Liverpool Football Club.
They live in Liverpool. Burak and Gizem are tired of urban city life and the high rates of
tax that they have to pay in Liverpool. They want to move to Gibraltar and relocate the
trust there. Burak and Gizem believe that they will pay less tax in Gibraltar, but they have
not researched the matter yet. They have three children, but two of them have expressed
no interest in Liverpool Football Club, so they want to delete the condition in the trust
requiring their children to be and remain fans of the club. Instead, they want to insert a
condition that the children do not become entitled until they get married.
Yuce, the eldest child, is 20 and opposes the proposed variations of trust, as he wants
to remain in Liverpool.
Gurol, is 16 and a Liverpool Football Fan, so he opposes the variation that would
remove the club fan condition in the trust.
Buse, the youngest child is 14 and she is happy to agree to whatever her parents
want.
Advise Burak and Gizem on whether the court will give permission for their proposed
variations.
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