ÀÏ˾»úÎçÒ¹¸£Àû

Trustees’ power to make payments ― considerations

Payments by trustees to beneficiaries are made by exercise of their powers, the extent of which are determined by the trust deed. The trustees powers as to who can benefit from the income and capital, when and in what circumstances will be different.

The life tenant may have a right to income for life or another fixed period and the trustees may have overriding powers to appoint capital to other beneficiaries while the life interest subsists. In a fully discretionary trust, the trustees will have the power to pay income and capital to a