Exploding the myth that sub-trustees 'drop out'

• Main Author: THAM, Chee Ho
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: trust; sub-trust; bare trust; bare sub-trust; Onslow v Wallis; Re Lashmar; Grainge v Wliberforce; and Head v Lord Teynham.; Commercial Law
• Online Access: https://ink.library.smu.edu.sg/sol_research_smu/86
• Institution: Singapore Management University

Despite judicial statements to the contrary, there remains doubt as to whether bare sub-trustees 'drop out' so as to render a principal trustee to come under a 'direct' trustee-beneficiary relationship with the sub-beneficiary. Although such a result is contrary to principle, it...