Lionel orally directed his trustees to hold his beneficial interest in some chattels on trust for his brother, Simon. Lionel then evidenced the transaction in writing. The trustees should:

Question

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When Lionel orally directed his trustees to hold his beneficial interest in some chattels on trust for his brother, Simon, this created a valid trust. The subsequent written evidence simply serves to strengthen the validity of the trust. Therefore, the trustees should hold the chattels on trust for Simon, as per Lionel's direction.

Lionel Orally Directed His Trustees to Hold His Beneficial Interest