Trusts are important vehicles used for the estate planning, asset protection, tax planning, and broader investment objectives of international investors.

(a) Write short notes on the following:

(i) Inter-vivos and testamentary trusts. (ii) Revocable and irrevocable trusts. (iii) Fixed and discretionary trusts. (6 marks)

(b) Describe the different types of protective trusts used by international investors. (6 marks)

(c) Outline the powers and duties of

(i) trustees and

(ii) protectors. (13 marks)

(3000words)