Equity Revision
,• Contingent interest
Contingent if its conditional on the happening of a future event
• Vested interest
The trust property belongs to the beneficiary and will be paid to their estate if the
to die
,Beneficiaries right’s to end the trust
• Under Saunders v Vautier beneficiaries can end the trust if:
All the beneficiaries potentially entitled
Are over 18 and of sound mind AND
They all agree
• Check for potential unborn beneficiaries, default beneficiaries of a
failed contingent trust
, Type: Vested (unconditional) Contingent (conditional)
When: In possession (now) In remainder (later)
What: Absolute (capital) Limited (income only)
,• Contingent interest
Contingent if its conditional on the happening of a future event
• Vested interest
The trust property belongs to the beneficiary and will be paid to their estate if the
to die
,Beneficiaries right’s to end the trust
• Under Saunders v Vautier beneficiaries can end the trust if:
All the beneficiaries potentially entitled
Are over 18 and of sound mind AND
They all agree
• Check for potential unborn beneficiaries, default beneficiaries of a
failed contingent trust
, Type: Vested (unconditional) Contingent (conditional)
When: In possession (now) In remainder (later)
What: Absolute (capital) Limited (income only)
