Continue reading "The Trustee Act 1925: Built to last"
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The Trustee Act 1925: Built to last
Jessica Henson and Charlotte Henshall discuss a rare study of the statutory power of advancement The guiding principle of a power of advancement is that the application of capital must ‘improve the material situation of the beneficiary’. As Benito Mussolini proclaimed himself ‘Il Duce’ of Italy and Virginia Woolf was streaming consciousness in Mrs Dalloway, …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Hancock v Watson [1902] AC 14
- In re Spencer [1935] Ch 533
- Re Clore (deceased) [1984] BTC 8101
- Womble Bond Dickinson (Trust Corporation) Ltd & ors v Glenn & ors [2021] EWHC 624 (Ch); [2021] WTLR 737 Ch D