Martin is the trustee of a family trust, over which he has powers of investment. The trust includes shares in a variety of companies and cash assets. The trust directs Martin to hold the property on trust for Wendy for life, and on Wendy's death for the Royal Society for the Protection of Birds.
Advise Martin as to which of the following statements are a false statement of his powers in relation the trust property:
A) Martin must keep the cash on bank deposit, but can change the other investments as he wishes.
B) Any proceeds received as dividends on shares must be reinvested in the trust fund.
C) Martin must have regard to keeping a balance between income generation and capital growth in reviewing the trust investments from time to time.
D) Martin can change the investments if a company is underperforming or to increase the range of investments.
Correct Answer:
Verified
Q1: Which of the following is the most
Q2: Which of the following statements most accurately
Q4: Martin is the trustee of a family
Q5: Which of the following statements is most
Q6: Bea and Cee are trustees of a
Q7: Which of the following (more than one
Q8: Which of the following statements is most
Q9: Hudson and Blanche are the trustees of
Q10: Which of the following statements is false?
A)
Q11: Lucky and Sam are the trustees of
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