Part 9Special rules about settlements and trustees
Chapter 2General provision about settlements and trustees
Settlors
469Person ceasing to be a settlor
(1)
A person (“S”) who is a settlor in relation to a settlement ceases to be so when the following condition is met.
(2)
The condition is that—
(a)
no property of which S is the settlor is comprised in the settlement,
(b)
S has not undertaken to provide property (directly or indirectly) for the purposes of the settlement in the future, and
(c)
S has not made reciprocal arrangements with another person for that other person to enter into the settlement in the future.