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(p. 429) 18. Evenhandedness as Between the Beneficiaries 

(p. 429) 18. Evenhandedness as Between the Beneficiaries
Chapter:
(p. 429) 18. Evenhandedness as Between the Beneficiaries
Author(s):

Philip H Pettit

DOI:
10.1093/he/9780199694952.003.0018
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date: 22 February 2020

This chapter focuses on the impartiality of trustees between beneficiaries of a trust. It discusses the principle of the equitable rules of apportionment, which was formulated with the object of achieving impartiality vis-à-vis the different classes of beneficiaries. The chapter explains the trust law classification of investment receipts from companies as income or capital, and discusses the allocation of expenditure and conflict of interests of beneficiaries under separate trusts. It also considers the Law Commission's proposed changes to the rules of apportionment.

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