Types of Beneficial Interests – Vested, Contingent and Trust Structures
Failed to add items
Sorry, we are unable to add the item because your shopping cart is already at capacity.
Add to basket failed.
Please try again later
Add to wishlist failed.
Please try again later
Remove from wishlist failed.
Please try again later
Adding to library failed
Please try again
Follow podcast failed
Unfollow podcast failed
Types of Beneficial Interests – Vested, Contingent and Trust Structures
-
Narrated by:
-
By:
About this listen
In this episode of SQE1 Essentials, we break down the types of beneficial interests under English trust law — a core component of the SQE1 syllabus and vital for understanding trust structures, beneficiary entitlements, and trustee powers.
🎯 Topics covered:
- Capital vs income: what beneficiaries may be entitled to receive
- Vested interests vs contingent interests, and how s.31 of the Trustee Act 1925 affects minors' income
- Successive interests: life tenants, remaindermen, and future interests
- The principle of Saunders v Vautier – when beneficiaries can collapse the trust
- Types of trusts:
▪️ Fixed trusts – requiring a complete list of beneficiaries (IRC v Broadway Cottages)
▪️ Discretionary trusts – governed by the “is or is not” test (McPhail v Doulton) and clarified in Re Baden (No. 2)
▪️ Bare trusts – absolute entitlement with no discretion - Trustee obligations under the Trustee Act 2000, including the duty of impartiality (Nestle v NatWest)
📘 By the end of this episode, you’ll be able to distinguish between trust structures and accurately map out beneficiary rights in a range of scenarios.
📲 Learn more via the PASS-SQE App or at celetraining.com
No reviews yet