THE RIGHT OF THE BENEFICIARY TO SPECIFIC ITEMS OF THE TRUST FUND
AbstractGiven confusion in the area, the author considers some of the purposes for which the beneficiary is said to have an interest in trust property and attempts to formulate a general principle underlying the cases. For this purpose, the common law test for determining the situs of a beneficiary’s interest is examined first. The principles applied to each of three types of trusts are then examined in turn: the administration of a deceased’s estate, trusts for sale and trusts not for sale.
Keywords:Executors and Administrators, Trust Law
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