Trustee Act 1925: Primary legislation governing trustee powers and duties, including requirements for proper termination of trusts. Essential for understanding the basic framework of trust administration and dissolution.
Trustee Act 2000: Modern statutory framework defining trustees' duties and required standards of care in trust administration. Provides updated guidelines for trustee conduct during trust revocation.
Law of Property Act 1925: Contains crucial provisions relating to trust property and requirements for property disposition during trust revocation.
Common Law Certainty Principles: Fundamental legal principles requiring certainty of intention, subject matter, and objects in trust matters, which must be clearly addressed in revocation.
Saunders v Vautier Principle: Common law principle establishing beneficiaries' right to terminate a trust if they are all of full age, capacity, and in agreement.
Variation of Trusts Act 1958: Legislation governing the court's power to approve variations to trusts, which may be relevant in cases where complete revocation is not possible.
Mental Capacity Act 2005: Relevant for assessing settlor's capacity to revoke the trust and make decisions regarding trust assets.
Perpetuities and Accumulations Act 2009: Governs the duration of trusts and accumulation of income, which may affect the revocation process.
Tax Legislation: Various Finance Acts governing Capital Gains Tax, Inheritance Tax, and Income Tax implications of trust revocation.
