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17. Variation of beneficial interests 

17. Variation of beneficial interests
Chapter:
17. Variation of beneficial interests
Author(s):

Robert Pearce

and Warren Barr

DOI:
10.1093/he/9780199644452.003.0017
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date: 25 February 2020

When the original terms of a trust may no longer serve the purposes of the beneficiaries or operate as intended by the settlor, it is possible in some cases to amend the trust by varying the beneficial interests. The variation of existing beneficial interests normally requires the consent of all the current and prospective beneficiaries. This chapter discuses variation under the inherent jurisdiction of the court; statutory powers of variation other than the Variation of Trusts Act 1958; and the Variation of Trusts Act 1958.

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