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Cessazione anticipata del trust (Shriners Hos for Children v First Northern Bank of Wyoming , 18 maggio 2016)
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Tesi
Il diritto incondizionato dei beneficiari di porre fine anticipatamente al trust, generalmente fatto discendere dal precedente inglese Saunders v Vautier, non trova applicazione nel diritto statunitense. Infatti l’esigenza primaria di garantire il perseguimento del material purpose del trust, che si desume dalle intenzioni del disponente, può essere legittimamente opposta all’esercizio di tale facoltà da parte dei beneficiari. Tale regola discende direttamente dall’equity e dal principio cardine del diritto successorio americano del freedom of disposition.
Un’interessante controversia decisa dalla Corte Suprema del Wyoming è l’occasione per analizzare l’applicazione di tali postulati inerenti alla durata dei trust statunitensi.
The author’s view
The unconditional right of beneficiaries to terminate the trust early,generally derived from the English leading case Saunders v Vautier, does not apply in U.S. law. In fact the primary need to ensure the pursuit of the material purpose of the trust, which can be deduced from the intentions of the settlor, it may legitimately be opposed to the exercise of that right by the beneficiaries. This rule comes directly from the equity and from the cardinal principle of American inheritance law called “freedom of disposition”.
An interesting court case decided by the Supreme Court of Wyoming represents the occasionto analyze the application of these postulates relating to the duration of US trusts.
Title: Cessazione anticipata del trust (Shriners Hos for Children v First Northern Bank of Wyoming , 18 maggio 2016)
Description:
Tesi
Il diritto incondizionato dei beneficiari di porre fine anticipatamente al trust, generalmente fatto discendere dal precedente inglese Saunders v Vautier, non trova applicazione nel diritto statunitense.
Infatti l’esigenza primaria di garantire il perseguimento del material purpose del trust, che si desume dalle intenzioni del disponente, può essere legittimamente opposta all’esercizio di tale facoltà da parte dei beneficiari.
Tale regola discende direttamente dall’equity e dal principio cardine del diritto successorio americano del freedom of disposition.
Un’interessante controversia decisa dalla Corte Suprema del Wyoming è l’occasione per analizzare l’applicazione di tali postulati inerenti alla durata dei trust statunitensi.
The author’s view
The unconditional right of beneficiaries to terminate the trust early,generally derived from the English leading case Saunders v Vautier, does not apply in U.
S.
law.
In fact the primary need to ensure the pursuit of the material purpose of the trust, which can be deduced from the intentions of the settlor, it may legitimately be opposed to the exercise of that right by the beneficiaries.
This rule comes directly from the equity and from the cardinal principle of American inheritance law called “freedom of disposition”.
An interesting court case decided by the Supreme Court of Wyoming represents the occasionto analyze the application of these postulates relating to the duration of US trusts.
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