May 16 2017
START DATE
END DATE
May 26 2017
In the Matter of a Trust (Survival of Overriding Power of Appointment Despite Vesting of Beneficial Interests)
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
The Supreme Court of Bermuda
Trusts Civil Law
IAN RC KAWALEY CJ
Christian Luthi
None
FACTS OF THE CASE:
The trustee sought to extend the duration of the Trust by 1000 years questioning whether the vesting of beneficiaries? interests extinguishes an overriding power of appointment
SUMMARY:
Whether an overriding power of appointment survives vesting of beneficiaries? interests
OUTCOMES:
The court ruled in favor of the Trustee allowing the extension of the Trust's duration by 1000 years affirming that the overriding power of appointment survives vesting
RULED IN FAVOUR OF:
Trustee
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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