(1) A claim may be made by or against a person in that person's capacity as a trustee, executor or administrator.
(2) If a claim is so made, there is no need for a beneficiary also to be a party.
(3) The court may direct that notice of the proceedings be given to any beneficiary.
(4) A decision of the court in such proceedings binds a beneficiary unless the court otherwise orders.
(5) The only grounds for an order that a decision is not binding on a beneficiary is that the trustee, executor or administrator —
(a) could not or did not in fact, represent the interest of the beneficiary; or
(b) has acted fraudulently.