Trusts Act 2025
sec.126Adult beneficiaries—application of trust income for maintenance etc.
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sec.126 Adult beneficiaries—application of trust income for maintenance etc.
This section applies if, under a trust— a trustee holds trust property for a beneficiary who is an adult; and the beneficiary has a contingent interest in the trust property; and the beneficiary’s interest includes the intermediate income of the trust property. The trustee may pay all or part of the income of the trust property to the beneficiary, or otherwise apply all or part of the income, for or towards the beneficiary’s maintenance, education or advancement (including past maintenance or education). (sec.126-ssec.1) This section applies if, under a trust— a trustee holds trust property for a beneficiary who is an adult; and the beneficiary has a contingent interest in the trust property; and the beneficiary’s interest includes the intermediate income of the trust property. (sec.126-ssec.2) The trustee may pay all or part of the income of the trust property to the beneficiary, or otherwise apply all or part of the income, for or towards the beneficiary’s maintenance, education or advancement (including past maintenance or education).
- (a) a trustee holds trust property for a beneficiary who is an adult; and
- (b) the beneficiary has a contingent interest in the trust property; and
- (c) the beneficiary’s interest includes the intermediate income of the trust property.