Commonlii The donee of a power of appointing portions among his younger children appointed a double share to a younger child without previous communication with him. But it appeared from the instructions for the appointment that its purpose as to half of the double share was that it should be held in trust, and the income accumulated during the life of the appointee and twenty-one years afterwards, or until the successor to the title of the appointor should direct the half of the double share and accumulations to be paid to another child who had been excluded by reason of an intended marriage disliked by the appointor. In the absence of such direction the half of the double share and accumulations were intended to be paid to the appointee. The appointee soon after the appointment executed a deed settling the moiety accordingly.
Held: 1. That if the appointment and subsequent settlement could be held to be one transaction, the provisions for accumulation and for the control of the appointor’s succesor in titie over the appointed fund could not he rejected as mere excess so as to give the moiety to the excluded child. 2. That the purpose of the appointment as to the moiety, although uncommunicated vitiated it as to that portion, but as to that portion only.
Turner LJ said that he took it ‘to be clear, that no person, however innocent he may himself be, can, where there is no valuable consideration, derive a title under the fraud of another’.
Judges:
Turner LJ
Citations:
[1863] EngR 1051, (1863) 1 De G J and S 517, (1863) 46 ER 205
Links:
Jurisdiction:
England and Wales
Citing:
See Also – Lady Mary Topham v The Duke Of Portland 30-Jun-1862
The donee of a trust power cannot execute it for an object foreign to purposes for which it was intended, and therefore an ordinary power in a marriage settlement of appointment amongst the children cannot be made subservient to the accomplishment . .
See Also – Lady Mary Topham v Duke Of Portland 20-Jun-1863
Commonlii The costs of an application to stay the execution of a decree pending an appeal to the House of Lords were to be paid by the applicant. . .
Cited by:
Cited – Cowan v Scargill and Others ChD 13-Apr-1984
Trustee’s duties in relation to investments
Within the National Coal Board Pension scheme, the trustees appointed by the NCB were concerned at the activities of the trustees of the miners, and sought directions from the court. The defendants refused to allow any funds to be invested abroad. . .
Cited – The Duke Of Portland And Others v Lady Mary E Topham And Others HL 6-Apr-1864
A power, to be validly executed, must be executed without any indirect object. The donee of the power must give the property which is the subject of it, as property, to the person to whom he affects to give it.
A created a power to appoint a . .
Cited – Soutzos v Asombang and Others ChD 21-Jun-2011
The claimant had obtained a freezing order against the defendants. His claim having been dismissed, the court now considered if and what damages should be paid under the cross-undertaking he had given.
Held: Setting out and applying the . .
Lists of cited by and citing cases may be incomplete.
Trusts
Updated: 06 May 2022; Ref: scu.222826
