Question
Harry died with a Will leaving all of his estate to Ginny. Following Harry's passing, Ginny executed a Will. The Will left part of her
Harry died with a Will leaving all of his estate to Ginny. Following Harry's passing, Ginny executed a Will. The Will left part of her estate to Harry's godson, Teddy Lupin, as follows: One Hundred (100) shares of stock in Gringott's Bank worth $100,000.00 to her brother, Ron Weasley (who is still alive in this fact pattern), as Trustee, on behalf of Harry's godson, Teddy Lupin. This provision further directed Ron to distribute all income to Teddy and so much of the principal as Ron determines to be necessary for Teddy's health, education, maintenance, and support. The trust contains a clause stating: "No beneficiary shall have any right to anticipate, sell, assign, mortgage, pledge, or otherwise dispose of or encumber all or any part of any trust estate established for his or her benefit under this agreement. No part of such trust estate, including income, shall be liable for the debts or obligations of any beneficiary or be subject to attachment, garnishment, execution, creditor's bill, or other legal or equitable process". Presume the challenge was unsuccessful and Ginny's Will is submitted to probate.
Teddy accepts an apprenticeship as an auror, requiring Teddy to undergo special training for two (2) years with very limited compensation. Teddy asks Ron to pay the Income from his trust directly to his wife for her and their children's support for the two (2) years Teddy is in his apprenticeship. What should Ron do? What are the important considerations for Ron in making his decision?
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