“In the recent case of Equiom (Isle of Man) Ltd v Velarde [2021] EWHC 1528 (Ch) it was held that a wide power of appointment contained in a will had the effect of impliedly revoking previous deeds of appointment and making a new appointment. This case concerns the will (‘the Will’) of a Mrs Patricia Moores, who died in 2017, and a settlement created many years before by her father (‘the Settlement’). During her lifetime Mrs Moores had a special power of appointment over property in a sub-fund of the Settlement. The power could be exercised by deeds revocable or irrevocable, or by will or codicil …” (more)
[Elizabeth Houghton, Wilberforce Chambers, 5 August]
First posted 2021-08-06 12:00:02
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