Allfrey v Allfrey and others

Trust and Trustee – Settlement. The Chancery Division approved an arrangement for the variation of the trusts of a settlement, where the trust fund was subject to inheritance tax, to incorporate a power to accumulate income to meet future periodic inheritance tax changes, and to extend the trust period. The proposed arrangement did not give rise to a resettlement of the fund and was to the beneficiaries of the trust.

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