In the case of a gift by will or settlement of rent or other income to a donee defeasible on its becoming payable to some other person, the forfeiture takes effect, notwithstanding annulment of a bankruptcy order, if before the annulment it becomes the duty of the trustees of the will or settlement to make a payment which, but for the forfeiture clause, the trustee in bankruptcy of the donee would be entitled to receive1. In such a case the trustee need not have actually claimed the income2. If, however, the annulment order is made, or if, though the
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234