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Helen, who is wealthy, dies, leaving in her will $1 million in a trust to build a hostel for retired nurses in financial hardship. When
Helen, who is wealthy, dies, leaving in her will $1 million in a trust to build a hostel for retired nurses in financial hardship. When it is discovered that $1 million dollars is not enough to build the hostel Helen intended (which would cost at least $3 million) a court orders that the funds Helen left be invested instead in company shares and the income used to pay for day care of retired nurses who are still living in their own homes. This is an example of a.
Cy-pres
b.
Vesting
c.
A resutling trust
d.
A remainder
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