The Law Reports (Chancery Division)
[1968] Ch 238
[CHANCERY DIVISION]
In re
MIDWOOD'S SETTLEMENT BLAKEY
v.
MIDWOOD
[1966 M. No. 2139]
1967 June 15,
16,
19
GOFF J.
Revenue
— Estate duty
— Property passing on death
— Life insurance policy
— Settlor's protected life interest
— Power of appointment in favour of issue
— Settled fund including policy on settlor's life
— Trustees to hold policy or substituted policy and accumulations until maturity
— Power of appointment over that part of fund represented by policy released by settlor
— Whether settlor had protected life interest in policy or policy held for beneficiaries under referential trusts.