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Saunders v Vautier
''Saunders v Vautier'' (1841) (EWHC Ch J82 ) is a leading English trusts law case. It laid down the rule of equity which provides that, if all of the beneficiaries in the trust are of adult age and under no disability, the beneficiaries may require the trustee to transfer the legal estate to them and thereby terminate the trust. The rule has been repeatedly affirmed in common law jurisdictions.〔''Re Chardon'' () Ch 464; ''Re Smith'' () Ch 915; ''Re Nelson'' () Ch 920n; ''Re Becket's Settlement'' () Ch 479; ''Re AEG Unit Trust'' () Ch 415〕
==Facts==
A testator had bequeathed £2,000 worth of stock in the East India Company on trust for Vautier. According to the terms of the trust, it was to accumulate until V attained the age of 25. The stock's dividends were to be accumulated along with the capital. Upon reaching the age of maturity (21 at the material time) he sought access to the capital and dividends immediately.〔G Thomas and A Hudson ''The Law of Trusts'' (OUP 2004) 1.45〕
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