Q&As

Can a life interest trust be varied if the ultimate beneficiary is a minor?

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Published on LexisPSL on 20/11/2019

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • Can a life interest trust be varied if the ultimate beneficiary is a minor?

Can a life interest trust be varied if the ultimate beneficiary is a minor?

No information has been provided about the detailed trust terms or the intended change to the terms of the trust (for example whether it is a change to administrative provisions or beneficial interests) or how the variation is to be achieved (for example whether by application to court or by an exercise of the trustees’ express power, if any), so it is difficult to provide a clear response to question. We also do not know whether the minor’s interest in the trust is to be affected by the variation, which may affect the interest in possession only. The response to this question therefore gives a general

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