Where a person purports to alienate a right to income in favour of another person, the alienation, to be effective, must operate to divest immediately the alienor's beneficial interest and vest it in the recipient. This may be effected by a valid and effective transfer by the owner of the right to income, or by the declaration of a valid trust of the income in favour of a beneficiary. A trust cannot be created by an incomplete transfer, but can be created by a complete and unequivocal declaration of trust
**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