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What is transfer for benefit of unborn person ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

What is transfer for benefit of unborn person ?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

**TRANSFER FOR BENEFIT OF UNBORN PERSON** The transfer for benefit of unborn person states that where on transfer of property an interest therein is created for the benefit of a person not in existence at the date of transfer, subject to prior interest created by the transfer, the interest created for the benefit of such person shall not take effect unless it extends to the whole of the remaining interest of the transferor in the property. Thanks

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