Problem: In March 2020, Michael's brother, David died. He specialized in demolition and had built up his demolition company to include a number of assets. In his will he made the following bequests:
I leave the bulk of £600,000 in cash to my nephew Nigel, who shall be trustee. It is my wish that Nigel distributes it between my two children, Brendan and Joseph as he sees fit. In the meantime, he may pay a reasonable income from the investment of the money to any of my employees, but may consider those who have worked the longest for me as being the most deserving;
I leave the newest of my machinery assets to my nephew Nigel on trust for my nephew Patrick, who has shown a particular interest in demolition and who I know will make good use of this machinery when he turns 18; and The residue of my estate to my wife, Mona, for her sole use and benefit in the full confidence that she will act fairly and reasonably to our two boys in sharing out the same to them when it is no longer required by her.