In re Midwood’s Settlement

Subject Matter

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

[1968] Ch 238; [1967] 3 WLR 1014