Trust property transferability requirement requires subject matter to be transferable to the beneficiary, not merely a beneficial interest. The subject matter of a trust must be property transferable to the beneficiary; a trust cannot consist merely of a beneficial interest under a subsisting trust. The provision qualifies permissible trust subjects by requiring the asset be capable of transfer to the beneficiary rather than relying solely on an existing beneficial interest.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trust property transferability requirement requires subject matter to be transferable to the beneficiary, not merely a beneficial interest.
The subject matter of a trust must be property transferable to the beneficiary; a trust cannot consist merely of a beneficial interest under a subsisting trust. The provision qualifies permissible trust subjects by requiring the asset be capable of transfer to the beneficiary rather than relying solely on an existing beneficial interest.
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