Trustee power to apply capital: section 32 of Trustee Act 1925 | Practical Law

Trustee power to apply capital: section 32 of Trustee Act 1925 | Practical Law

A practice note explaining that section 32 of the Trustee Act 1925 gives trustees a power to apply capital, known as the statutory power of advancement, which applies to beneficiaries with interests in capital and must be applied for the advancement or benefit of the beneficiary. It discusses restrictions on the power and when to apply or exclude it.

Trustee power to apply capital: section 32 of Trustee Act 1925

Practical Law UK Practice Note 9-565-8489 (Approx. 12 pages)

Trustee power to apply capital: section 32 of Trustee Act 1925

by Practical Law Private Client
Maintained • England, Wales
A practice note explaining that section 32 of the Trustee Act 1925 gives trustees a power to apply capital, known as the statutory power of advancement, which applies to beneficiaries with interests in capital and must be applied for the advancement or benefit of the beneficiary. It discusses restrictions on the power and when to apply or exclude it.