Combo of Wills and trusts law needed for SQE 2
| Front | What is a transfer of value? |
| Back | A disposition that reduces the value of the transferor's estate |
| Front | What remedy is available to a volunteer beneficiary of an incompletely constituted trust who is himself a party to the covenant to settle? |
| Back | Provided that the beneficiary is a party to the covenant, he can sue at common law for damages |
| Note | He cannot enforce the covenant using specific performace, as that is an equitable remedy |
| Front | What is the power of appropriation? |
| Back | The power of a spouse to appropriate an intestate's interest in the spouse's dwelling house to their statutory legacy |
| Note | i.e. 'Give me the house as all or part of my £275,000 statutory legacy' |