The variation of trusts

Quiz Content

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When will the court confer powers on a trustee that are not found in the trust instrument?

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'The Variation of Trusts Act 1958 affords the court the power to alter any aspect of the trust, except for the beneficial interests.'

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Why was the Variation of Trusts Act 1958 necessary?

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'The court will not approve an application to vary the trust if its sole objective is to reduce the tax consequences of the trust.'

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When does the court's approval of a scheme of variation become effective?

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