Which one of the following situations is one where the courts would be unlikely to intervene with a decision of the trustees?
A) The trustees make an advancement of capital to Marshall under a discretionary power of advancement in return for him surrendering a life interest. They have. incorrectly .been advised by a qualified financial adviser that this will not have any adverse taxation consequences. In fact, it results in a significant charge to tax.
B) Boris refused to advance property to his son under a discretionary power of advancement, because he does not like his son's new wife.
C) Lily, in preference to a named class of objects of a power, appointed her friend, Herman, to enjoy the benefits of the property.
D) Deidre, in exercising a power of appointment, decided to select from the valid class of potential objects on the basis of those persons that she found most attractive.
Correct Answer:
Verified
Q1: Which of the following statements is the
Q2: Which of the following statements is the
Q3: When will the courts consider that a
Q5: Which of the following statements is false?
A)
Q6: Which of the following statements is the
Q7: Five partners in a dental practice acquire
Q8: Norma is one of three trustees of
Q9: Mary and Nigel are trustees of a
Q10: Which of these statements is false?
A) New
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents