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Complete Equity and TrustsText, Cases, and Materials

Complete Equity and Trusts: Text, Cases, and Materials (5th edn)

Richard Clements and Ademola Abass
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date: 18 July 2024

p. 34513. Variation of trustlocked

p. 34513. Variation of trustlocked

  • Richard ClementsRichard ClementsLeader of International Partnerships (Law) at the, University of the West of England, Bristol
  •  and Ademola AbassAdemola AbassHead of the African Centre for Peace and Security Training, Institute for Security Studies, Addis Ababa

Abstract

Titles in the Complete series combine extracts from a wide range of primary materials with clear explanatory text to provide readers with a complete introductory resource. Variation means changing the terms of the trust. The trustees and beneficiaries are bound by the terms of the trust and to disregard these terms is a breach of trust. If the trust is drafted correctly then it should have enough flexibility to deal with future events. This chapter discusses the powers to vary a trust; when the court may consent for beneficiaries under the Variation of Trusts Act 1958; and also the meaning of benefit.

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