A nomination of a beneficiary to take proceeds of a life policy, where that beneficiary was in turn to pay it on to somebody else, was akin to a secret trust, but nominations are not subject to Law of Property Act 1925 s 53 since a nomination is not a disposition.
Citations:
Times 24-Aug-1998, Gazette 16-Sep-1998
Statutes:
Law of Property Act 1925 53(1)( c)
Trusts
Updated: 08 April 2022; Ref: scu.80892
