The Trustee Act 1925: Built to last

Jessica Henson and Charlotte Henshall discuss a rare study of the statutory power of advancement The guiding principle of a power of advancement is that the application of capital must ‘improve the material situation of the beneficiary’. As Benito Mussolini proclaimed himself ‘Il Duce’ of Italy and Virginia Woolf was streaming consciousness in Mrs Dalloway, …
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Cases Referenced

  • Hancock v Watson [1902] AC 14
  • In re Spencer [1935] Ch 533
  • Re Clore (deceased) [1984] BTC 8101
  • Womble Bond Dickinson (Trust Corporation) Ltd & ors v Glenn & ors [2021] EWHC 624 (Ch) (to be reported in the next issue of Wills and Trusts Law Reports)