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Zi died six months ago. In his valid will, he left his estate to his trustees to hold on trust 'for my wife Connie, for
Zi died six months ago. In his valid will, he left his estate to his trustees to hold on trust 'for my wife Connie, for life and in remainder for my daughter Jing and my son Huang, in equal shares'. Jing is 17 years old and Huang is 25 years old.
QUESTION 1
Which ONE of the following statements is CORRECT?
Connie has a contingent interest and Jing and Huang have vested interests.
Jing and Huang have contingent interests and Connie has a vested interest.
Jing has a contingent interest.
Connie, Jing and Huang have vested interests.
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