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34 Settlement - Coggle Diagram

- - - - during lifetime of settlor
      - benefits the relatives of the settlor
      - the relative is unmarried at beginning of YA (ie. 1 Jan of YA)
      - not yet 21 y/o at the beginning of YA
    - - IF conditions are fulfilled
        
        Y of the settlement deemed to be the Y of the settlor
    - - married at the beginning of YA
      - above 21 y/o at the beginning of YA
      - settlor has passed away
  - - - Y or cap included can revert to the settlor or his spouse
        
        Y derived is deemed to be Y of the settlor
        
        power of revocation may be immediate or future
    - - revocation of settlement is due to the beneficiary's death
        (ie. beneficiary dies before the settlor or his spouse)
      - settlor is no longer alive