Variation of Trusts Act 1958
The Variation of Trusts Act 1958 (c 62) is an Act of the Parliament of the United Kingdom that governs the courts' ability to vary the terms of trust documents. Prior to the 1950s, the courts were willing to approve "compromise" agreements as to what terms meant, not only when they were disputed but also for the benefit of certain parties, such as minors. In 1954, the House of Lords decided in that this would no longer be permitted, creating a gap between the rights of trusts under the Settled Land Act 1925 (which could be altered if there was a flaw) and those trusts that were not (which were affected by the Chapman decision). As a result, following a report by the Law Reform Committee, Petre Crowder introduced the Variation of Trusts Bill to Parliament, where it was given the Royal Asse
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Variation of Trusts Act 1958
The Variation of Trusts Act 1958 (c 62) is an Act of the Parliament of the United Kingdom that governs the courts' ability to vary the terms of trust documents. Prior to the 1950s, the courts were willing to approve "compromise" agreements as to what terms meant, not only when they were disputed but also for the benefit of certain parties, such as minors. In 1954, the House of Lords decided in that this would no longer be permitted, creating a gap between the rights of trusts under the Settled Land Act 1925 (which could be altered if there was a flaw) and those trusts that were not (which were affected by the Chapman decision). As a result, following a report by the Law Reform Committee, Petre Crowder introduced the Variation of Trusts Bill to Parliament, where it was given the Royal Asse
has abstract
The Variation of Trusts Act 19 ...... Trustee Investments Act 1961.
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Wikipage page ID
26,314,887
page length (characters) of wiki page
Wikipage revision ID
1,003,286,948
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amendments
commencement
1958-07-23
introduced by
long title
An Act to extend the jurisdict ...... n dealings with trust property
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original text
parliament
Parliament of the United Kingdom
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related legislation
royal assent
1958-07-23
short title
Variation of Trusts Act 1958
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status
Amended
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statute book chapter
territorial extent
England and Wales
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use new UK-LEG
yes
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wikiPageUsesTemplate
hypernym
type
comment
The Variation of Trusts Act 19 ...... re it was given the Royal Asse
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label
Variation of Trusts Act 1958
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