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Continuing the facts in Questions 1 and 2, Huang dies one year after his father Zi, aged 26. Assume that the other beneficiaries have not
Continuing the facts in Questions 1 and 2, Huang dies one year after his father Zi, aged 26. Assume that the other beneficiaries have not ended the trust.
Which ONE of the following statements is CORRECT?
Huang's share of the trust fund will be held on trust for his estate.
Huang's share of the trust fund will be held on resulting trust for Zi's estate and pass on his intestacy.
Huang's share of the trust fund will pass to Connie and Jing.
Huang's share of the trust fund will lapse.
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