Equity, Trusts and Succession - Workshop 10 Workshop Exercises (to be attempted in the student-led workshop) Workshop Exercise 1 In relation to the scenario below, advise the beneficiaries what claims they will have against Anthony. Anthony holds various assets on trust for Xander and Yolande. Anthony misappropriates 60,000 from the trust and takes the following additional steps: Anthony purchases shares in Brooks ltd, for 10,000 (using 5,000 of Anothony's own money and 5,000 of trust money), and shares in Cooks ltd for 10,000 (using 5,000 of Anthony's own money and 5,000 of trust money). Anthony uses 10,000 to install loft insulation at his home. Anthony pays the remaining 40,000 into his bank account which already contained 30,000. Anthony uses 10,000 from the bank account to repay a credit card. Anthony uses 30,000 from the bank account to purchase an antique vase and 30,000 to purchase a classic car. The current values of the assets are as follows: - the shares in Brooks ltd are now worth 20,000 - the shares in Cooks ltd are now worth 6,000 - the antique vase is now worth 40,000 - the classic car is now worth 18,00