Q&As

Where money is held on trust for the income to be used to maintain a chapel but the income generated is very low and the maintenance needs of the chapel are high, is there any way in which (i) the trust can be brought to an end and the trust fund transferred to the chapel, or (ii) some of the capital of the trust fund could be made available to pay towards the cost of the repairs?

read titleRead full title
Published on LexisPSL on 28/11/2017

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

  • Where money is held on trust for the income to be used to maintain a chapel but the income generated is very low and the maintenance needs of the chapel are high, is there any way in which (i) the trust can be brought to an end and the trust fund transferred to the chapel, or (ii) some of the capital of the trust fund could be made available to pay towards the cost of the repairs?
  • Can the trust be brought to an end and the trust fund transferred to the chapel?
  • Power to transfer property
  • Cy-près application of the trust fund
  • Can some of the capital of the trust fund be made available to pay towards the cost of the repairs?

Where money is held on trust for the income to be used to maintain a chapel but the income generated is very low and the maintenance needs of the chapel are high, is there any way in which (i) the trust can be brought to an end and the trust fund transferred to the chapel, or (ii) some of the capital of the trust fund could be made available to pay towards the cost of the repairs?

For the purposes of this Q&A, we have assumed that the purpose of both the Will trust and the chapel referred to in the question, are wholly charitable under English and Welsh law. We have also assumed that the terms of the Will trust do not

Related documents:

Popular documents