Hearings
England & Wales
17 Jul 1973 [1974] Ch 269; [1973] 3 WLR 744; [1974] 1 All ER 47, Ch D
03 Jul 1974 [1974] Ch 269; [1974] 3 WLR 256; [1974] 3 All ER 205, CA
In re Vandervell’s Trusts (No 2)
Additional names
White v Vandervell Trustees Ltd
Subject Matter
TRUSTS — Formation — Disposition to trustees — Trustee company acting as trustee of family settlement — Transfer to company of option to purchase shares — Whether option held upon resulting trust in favour of settlor
[1974] Ch 269; [1973] 3 WLR 744
TRUSTS — Resulting trust — Settlement — Settlor transferring shares to charity — Dividends to provide funds — Option to buy shares exercised by trustees of family settlement — Price paid out of settlement funds — Transfer to trustees without declaration of trusts — Destination of dividends and capital — Whether resulting trust of option in favour of settlor — Whether shares held beneficially or on trust
[1974] Ch 269; [1973] 3 WLR 744
TRUSTS — Resulting trust — Settlement — Settlor transferring shares to charity — Option to buy shares exercised by trustees of family settlement — Price paid out of settlement funds — Intention of trust for settlement evinced — Extinction of resulting trust by exercise of option — Whether “disposition of an equitable interest or trust” — Whether writing necessary — Whether material facts pleaded — Law of Property Act 1925, ss 53 (1) (c), 205 (1) (ii) — RSC, Ord 18, r 7
Appellate History
In re Vandervell’s Trusts (No 2) [1974] Ch 269; [1973] 3 WLR 744; [1974] 1 All ER 47, Ch D
Decision of Megarry J reversed
In re Vandervell’s Trusts (No 2) [1974] Ch 269; [1974] 3 WLR 256; [1974] 3 All ER 205, CA