Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2011 - onwards
  Version 2 of 2    

14. Interpretation (Chapter 2).

In this Chapter -

"object", in relation to a discretionary trust, means a person for whose benefit the income or capital, or any part of the income or capital, of the trust property is applied, or may be applied;

"principal objects", in relation to a discretionary trust, means such objects, if any, of the trust for the time being as are - (a) the spouse or civil partner of the disponer, (b) the children of the disponer, (c) the children of the civil partner of the disponer, (d) the children of a child of the disponer, where such child predeceased the disponer, (e)the children of a child of the civil partner of the disponer, where such child predeceased the disponer, (f) the children of the civil partner of a child of the disponer, where such child predeceased the disponer, or (g) the children of the civil partner of a child of the civil partner of the disponer, where such child predeceased the disponer.

Comparing proposed amendment...