Appendix B Searches

 

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Table of contents

OVErVIOW.......scsessesssscsesssssssvenssssesssavsacesstensutseesenseurosatsessntassussssonsssatscsossesedersaeaceusucasteceserssensesetetsstseee 1

A

' Trust for beneficiary under legal disability

 

Establishment of a discretionary trust ..
Beneficiaries of the trust
Trustee may nominate additional beneficiaries 2... cc cccesccsescescsesssesessescsesvsseeseavescacaseees 2
Trustee may delete a class of eligible beneficiaries
Interest of named beneficiaries and members of classes of beneficiaries .
Distributions under the trust

 
 

 

 

 

Until vesting day, the trustee has absolute discretion to distribute income to beneficiaries.
Trustee's right to determine nature of income...
Trustee's right to accumulate income
Failure to exercise discretion
Trustee's right to advance part of the trust fund
Trustee's right to distribute from a class of income...

 

 

 

 

 
 

Trustee may determine what is income and what is capital
Allocation of income or capital of a category.
Allocation of expenses occ
Distributed income and capital remain in categories
Method of distribution
Decisions to be in writing.
Distribution to a guardian in case of legal disability
Distribution to a nominee..
Distribution to charity........

 

 

 
 

 

 

 
 

 

 

 
 
 
 

Details of trust for beneficiary under a legal disability ..
Trustee is discharged by distribution
Ending of the trust

 

Before vesting day, the trustee may decide to whom to distribute trust fund on that day .....6
Failure to exercise discretion :

 

The trustee’s powers ............
Overriding general powers ve
SPeCIFIC POWETS .....eseecssscecseessecseesucsesesnessunsstssstsesscessssssesussuscssucesecsueesissnevenseatnennessucseveaneesres 6
Trustee may delegate an exercise of power etc.
Trustee may appoint a manager
Trustee may register assets in the name Of a NOMINEE... cecccscssessecevessesceceeerecnessecsessess 9
Authority to act on the trustee's behalf.
Powers to be exercised at the trustee’s absolute discretion ..
Advice
Limitations on benefiting under deed ..
Settlor not to benefit from this trust
Liability, indemnity etc
Liability of the trustee
indemnity to the trustee...