The Weekly Law Reports
[1961] 2 WLR 776
[COURT OF APPEAL.]
In re
PILKINGTON'S WILL TRUSTS.
PILKINGTON AND OTHERS v. PILKINGTON AND ANOTHER.
[1959 P. No. 987.]
1961 March 21,
22,
23,
24.
Lord Evershed M.R., Upjohn and Pearson L.JJ.
Trusts
— Power of advancement
— Exercise of power
— Statutory power
— Fund held on trust for beneficiary for life and after his death for such of his children or remoter issue as he should appoint
— Settlement for the benefit of infant child of beneficiary
— Advancement of moiety of infant's expectant share on trusts of new settlement -
777
— Avoidance of death duties
— Whether advancement for benefit of object of power
— Whether rule against perpetuities infringed
— Whether valid exercise of power of advancement
—
Trustee Act, 1925 (15 Geo. 5, c. 19), s. 32.
Perpetuity Rule
— Power of advancement
— Power used for resettlement
— Application of perpetuity rule.
Power of Appointment
— Power of advancement
— Perpetuity rule.