By a marriage settlement certain stock in the funds was settled upon the intended husband and wife for their joint lives and the life of the survivor, and then upon the children of the marriage, with a power to the trustees, with the consent of the wife, to advance part of the fund for the benefit of the children in her lifetime. were four children of the marriage. The husband died. The wife married again. The second husband assigned the wife’s life interest for value. After the assignment the trustees, with the consent of the wife, exercised the power of advancement in favour of the children of the first marriage. Held, that the power was well executed as against the assignee of the second husband.
 EngR 416, (1845) 1 Coll 570, (1845) 63 ER 548
England and Wales
Updated: 18 May 2022; Ref: scu.303558