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A Small Step for an Impatient Beneficiary

A giant leap (backwards) for the Uniform Law Commission.

Once upon a time . . . in 1841, the English Court of Chancery ruled that a beneficiary could petition to terminate a trust in clear violation of the terms of the trust and the intentions of the settlor. That case, Saunders v. Vautier,1 disregarded hundreds of years of trust law and unintentionally opened the door to perhaps the most drastic and damaging change to trust law than any other decision related to trusts. 


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