In re Davis's Settlement Trusts - [1950] NZLR 205

Settlement — Marriage Settlement — Construction — Insurance Policies vested in Trustee to pay Income to Husband during Life and then to Wife for Life — Corpus to Children of Marriage as Parents or Survivor of them appointed — Parties divorced and Wife, on Remarriage, executing Surrender of Life Interest in Settled Property — Effect of Such Deed — Destination of Surrendered Life Interest — Wife's Power of Appointment remaining Operative — One Child of Marriage — Death of Husband — Daughter's Interest under Settlement — "Surrender."