Question
Simon's will contains the following legacy: 'I give 10,000 to my Trustee to hold on trust for such of my grandchildren and their descendants and
Simon's will contains the following legacy:
'I give 10,000 to my Trustee to hold on trust for such of my grandchildren and their descendants and in such shares as my Trustee shall think fit.'
Simon died last week. He had two grandchildren.
Which ONE of the following statements is CORRECT?
The legacy is invalid for offending the beneficiary principle.
The legacy is invalid for uncertainty of objects.
The legacy creates a valid non charitable purpose trust.
The legacy creates a valid discretionary trust.
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The Legal Environment Of Business A Managerial Approach Theory To Practice
Authors: Sean Melvin, Enrique Guerra-Pujol
4th Edition
1260247805, 978-1260247800
