Subjects:

Equity and Trusts

Contents:

What kinds of powers are trustees of discretionary trusts permitted to hold?

What rules apply to the exercise of discretion by trustees?

The equitable doctrine of fraud on a power.

Trustees' powers of appointment.

The exercise of discretions and powers.

Fraud on a power.

Variation of discretionary trusts pursuant to statute.

The relationship between trusts and powers frequently gives rise to complex problems in practice. David Maclean sets out with clarity and precision a full exposition of the general law.

• The author, who is in practice in Australia, deals in detail with the English authorities before noting the points of difference between English and Australian law.