In this article on FANews, Daniel Marsh gives an overview of a recent court case involving the concept of usufruct.
The case addresses a question frequently encountered in estate administration but often misunderstood: when does a beneficiary’s right become enforceable? The court examined the distinction between a vested benefit and a payable benefit, confirming that vesting does not always give rise to an immediate claim for payment.
The judgment offers useful guidance for executors, fiduciary practitioners, advisers, and beneficiaries on the administration of deceased estates and the practical application of testamentary provisions.
Read the full article here.
Daniel is a FISA member, FPSA® and Founder of Marsh Fidelity