Which of the following statements is true in relation to trustee's powers of maintenance under the Trustee Act 1925, s.31?
A) Trustees can use any part of the trust fund for the purposes of paying for the maintenance of minors. The correct statement is '
B) Trustees have a discretion whether to pay income from a trust fund to an adult beneficiary.
C) The statutory powers of maintenance may be excluded by a direction in the trust to accumulate income.
D) Trustee's powers of maintenance may be only exercised on behalf of minors who have a vested interest in the intermediate income.
Correct Answer:
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