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The net income of the Sydney Trust is AUD$ 2 5 0 , 0 0 0 , 0 0 0 . You are provided with

The net income of the Sydney Trust is AUD$250,000,000. You are provided with information regarding the trust's beneficiaries in the table below. Based on the information, who would be considered to be presently entitled? Name Income entitlement Notes (a) Diana 10% Diana is 15 years of age. She no longer has a claim on the trustee as her share of the income was used pay her school fees. (b) William 5% This entitlement is for as long as he remains in Australia. William has not left the country, nor does he intend to leave the country for the immediate future. (c) Elizabeth 30% Elizabeth has an entitlement as long as she gets a degree. She is half-way through her degree and is doing well. She has no intention to give up.(d) Harry 20% Harry has disappeared! No one knows where he is, or how to contact him. (e) Kate 5% Harry. Kate is not one of the nominated beneficiaries, but is the wife of (t) Megan Residual Megan is entitled to whatever is left over after all the other beneficiaries. Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a Only (a) and (b). b Only (a)(b)(d) and (f) c Only (d)(e) and (f). d No one is presently entitled to the income of the trust estate based on the information provided

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