In re Pilkington’s Will Trusts

Subject Matter

TRUST AND TRUSTEE — 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 — 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 — Distinction — Perpetuity rule.

PERPETUITY RULE — Power of advancement — Power used for resettlement — Application of perpetuity rule

[1961] Ch 466; [1964] AC 612; [1961] 2 WLR 776; [1962] 3 WLR 1051

POWER OF APPOINTMENT — Power of advancement — Distinction — Perpetuity rule

[1961] Ch 466; [1964] AC 612; [1961] 2 WLR 776; [1962] 3 WLR 1051

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 — Whether valid exercise of power of advancement — Trustee Act, 1925, s 32

[1961] Ch 466; [1964] AC 612; [1961] 2 WLR 776; [1962] 3 WLR 1051

Appellate History