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The Apportionment of a Trust Fund: A Review of the Problem in Modern Conditions

Published online by Cambridge University Press:  18 August 2016

W. P. Goodchild
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Extract

This paper is mainly concerned with the division of a trust fund between the beneficiaries, when an actuary is asked for a solution which, in his opinion, is fair to all parties concerned. It may be that the beneficiaries are all sui juris and form a closed class, in which case they approach the actuary as umpire, and adopt a passive role, at least until they have considered the implications of his recommendations. Alternatively, the actuary's report may be required to assist the Court to approve a scheme involving beneficiaries, e.g. infants, whom it is the Court's object to protect. In that case the actuary's role—as discussed later in the paper—is rather different, but it may still be necessary for him to state what in his judgment would be an impartial solution.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 88 , Issue 3 , December 1962 , pp. 264 - 318
Copyright
Copyright © Institute and Faculty of Actuaries 1962

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References

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