23 June 2015

Chancery Division hands down Judgment in Allfrey v Allfrey & Ors

Order approving arrangement under Variation of Trusts Act 1958 varying settlement – Extension of trust period and accumulation period – Effect of Perpetuities and Accumulations Act 2009 – Whether a new settlement for CGT or trust purposes – Not a new settlement in the circumstances
The Chancery Division handed down its Judgment this morning in Allfrey v Allfrey & Ors
William Massey QC, instructed by Lester Aldridge LLP, acted for the minor beneficiaries.
James Rivett, also instructed by Lester Aldridge LLP, acted for two of the adult beneficiaries.
Download the approved Judgment.