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- Variation_of_Trusts_Act_1958 abstract "The Variation of Trusts Act 1958 (c 62) is an Act of the Parliament of the United Kingdom that governs the courts' ability to vary the terms of trust documents. Prior to the 1950s, the courts were willing to approve \"compromise\" agreements as to what terms meant, not only when they were disputed but also for the benefit of certain parties, such as minors. In 1954, the House of Lords decided in Chapman v Chapman that this would no longer be permitted, creating a gap between the rights of trusts under the Settled Land Act 1925 (which could be altered if there was a flaw) and those trusts that were not (which were affected by the Chapman decision). As a result, following a report by the Law Reform Committee, Petre Crowder introduced the Variation of Trusts Bill to Parliament, where it was given the Royal Assent on 23 July 1958, and came into force as the Variation of Trusts Act 1958.The Act gave the courts near-unlimited discretion to approve \"compromise\" agreements, for the benefit of infants or other incapable individuals, for individuals who may become beneficiaries, or for unborn beneficiaries. The courts are also able to approve agreements for individuals who may be beneficiaries under protective trusts, with no requirement that the alterations be for their benefit. The courts have interpreted the Act's scope fairly widely, stating that almost any \"variation\" is acceptable, and that \"benefit\" may mean not just a financial benefit, but also a social or moral one. Despite initial fears that it would allow tax planners another way to hide funds and create a back-and-forth fight between the Chancery Division and Parliament, the Act was met with general approval. The ability of the courts to alter trustees' investment powers under the Act was criticised as slow and expensive, and as a result this is now covered by the Trustee Investments Act 1961.".
- Variation_of_Trusts_Act_1958 wikiPageExternalLink contents.
- Variation_of_Trusts_Act_1958 wikiPageExternalLink enacted.
- Variation_of_Trusts_Act_1958 wikiPageID "26314887".
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- Variation_of_Trusts_Act_1958 wikiPageOutDegree "45".
- Variation_of_Trusts_Act_1958 wikiPageRevisionID "618374869".
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Acts_of_Parliament_in_the_United_Kingdom.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Case_citation.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Category:English_trusts_law.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Category:United_Kingdom_Acts_of_Parliament_1958.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Chapman_v_Chapman.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink County_Courts_Act_1959.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Court_of_Appeal_of_England_and_Wales.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink High_Court_of_Justice.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Judicial_functions_of_the_House_of_Lords.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Law_Reform_Committee.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Lord_Chancellor.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Member_of_parliament.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Mental_Health_Act_1959.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Mental_Health_Act_1983.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Modern_Law_Review.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Parliament_of_the_United_Kingdom.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Petre_Crowder.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Protective_trust.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Re_Cohens_Settlement_Trusts.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Re_Holts_Settlement.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Re_Remnants_Settlement_Trusts.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Re_Steeds_Will_Trusts.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Re_Ts_Settlement_Trusts.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Robert_Megarry.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Royal_assent.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Ruislip-Northwood_(UK_Parliament_constituency).
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Settled_Land_Acts.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Trustee_Investments_Act_1961.
- Variation_of_Trusts_Act_1958 wikiPageWikiLink Wiley-Blackwell.
- Variation_of_Trusts_Act_1958 wikiPageWikiLinkText "Variation of Trusts Act 1958".
- Variation_of_Trusts_Act_1958 amendments County_Courts_Act_1959.
- Variation_of_Trusts_Act_1958 amendments "Mental Health Act 1959".
- Variation_of_Trusts_Act_1958 amendments "Mental Health Act 1983".
- Variation_of_Trusts_Act_1958 commencement "1958-07-23".
- Variation_of_Trusts_Act_1958 introducedBy Petre_Crowder.
- Variation_of_Trusts_Act_1958 longTitle "An Act to extend the jurisdiction of courts of law to vary trusts in the interests of beneficiaries and sanction dealings with trust property".
- Variation_of_Trusts_Act_1958 originalText enacted.
- Variation_of_Trusts_Act_1958 parliament "Parliament of the United Kingdom".
- Variation_of_Trusts_Act_1958 relatedLegislation Trustee_Investments_Act_1961.
- Variation_of_Trusts_Act_1958 royalAssent "1958-07-23".
- Variation_of_Trusts_Act_1958 shortTitle "Variation of Trusts Act 1958".
- Variation_of_Trusts_Act_1958 status "Amended".
- Variation_of_Trusts_Act_1958 statuteBookChapter contents.
- Variation_of_Trusts_Act_1958 territorialExtent "England and Wales".
- Variation_of_Trusts_Act_1958 useNewUkLeg "yes".
- Variation_of_Trusts_Act_1958 wikiPageUsesTemplate Template:Cite_book.
- Variation_of_Trusts_Act_1958 wikiPageUsesTemplate Template:Cite_journal.
- Variation_of_Trusts_Act_1958 wikiPageUsesTemplate Template:Good_article.
- Variation_of_Trusts_Act_1958 wikiPageUsesTemplate Template:Infobox_UK_legislation.
- Variation_of_Trusts_Act_1958 wikiPageUsesTemplate Template:Reflist.
- Variation_of_Trusts_Act_1958 subject Category:English_trusts_law.
- Variation_of_Trusts_Act_1958 subject Category:United_Kingdom_Acts_of_Parliament_1958.
- Variation_of_Trusts_Act_1958 hypernym Act.
- Variation_of_Trusts_Act_1958 type Band.
- Variation_of_Trusts_Act_1958 type Act.
- Variation_of_Trusts_Act_1958 comment "The Variation of Trusts Act 1958 (c 62) is an Act of the Parliament of the United Kingdom that governs the courts' ability to vary the terms of trust documents. Prior to the 1950s, the courts were willing to approve \"compromise\" agreements as to what terms meant, not only when they were disputed but also for the benefit of certain parties, such as minors.".
- Variation_of_Trusts_Act_1958 label "Variation of Trusts Act 1958".
- Variation_of_Trusts_Act_1958 sameAs Q7915788.
- Variation_of_Trusts_Act_1958 sameAs m.0b762zt.
- Variation_of_Trusts_Act_1958 sameAs Q7915788.
- Variation_of_Trusts_Act_1958 wasDerivedFrom Variation_of_Trusts_Act_1958?oldid=618374869.
- Variation_of_Trusts_Act_1958 isPrimaryTopicOf Variation_of_Trusts_Act_1958.