The Law Reports (Appeal Cases)
[1964] AC 612
[HOUSE OF LORDS.]
PILKINGTON AND ANOTHER APPELLANTS; AND INLAND REVENUE COMMISSIONERS AND OTHERS RESPONDENTS.
[ON APPEAL FROM In re PILKINGTON'S WILL TRUSTS.]
1962 July 9,
10,
11;
Oct. 8.
Oct. 8.
LORD REID, VISCOUNT RADCLIFFE, LORD JENKINS, LORD HODSON and LORD DEVLIN.
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 Avoidance of death duties
— Whether advancement for benefit of object of power
— Whether rule against perpetuities infringed
613
— Whether valid arises 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
— Distinction
— Perpetuity rule.