Trustees sought the court permission to distribute assets in such a way as to extinguish the beneficiary’s interest in favour of her adopted children with a consequent saving of estate duty on her death with no real detriment to the material position of the beneficiary.
Held: The word benefit included the proposed arrangement.
Citations:
[1969] 1 Ch 587
Cited by:
Cited – X v A and others ChD 29-Nov-2005
The wife sought confirmation that the trustees of a discretionary marriage settlement created by her husband could release sums which she intended to pay out for charitable purposes.
Held: The trust required money to be released for the . .
Lists of cited by and citing cases may be incomplete.
Trusts
Updated: 14 May 2022; Ref: scu.237753