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Hi, im doing my homework for Equity and Trusts law, I will include the statement below. What kind of trust is this? And is it

Hi, im doing my homework for Equity and Trusts law, I will include the statement below. What kind of trust is this? And is it valid?

4. 'I give the residue of my estate to my trustee on trust to give a reasonable amount to Betsy and the rest to be divided equally between my friends.'

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