Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Trusts, Settlements and Estates Manual

Legal Background to Trusts and Estates: Varying the terms of a trust

Sometimes trustees may choose to vary the terms of a trust. All those with an interest that is affected must agree the changes. The courts must sanction the proposal if it could affect the interest of

  • minors, or
  • persons unborn, or
  • beneficiaries, who the trustees cannot at that time, ascertain.

The court can vary the terms of the trust to meet special circumstances, like a divorce.