Which of the following statements is true in relation to trustee's powers of maintenance under the Trustee Act 1925, s.31?
A) The statutory power of maintenance allows the trustees to pay for the essentials of life only.'
B) The statutory power of maintenance would not allow the trustees to pay private school or university tuition fees.
C) The statutory power of maintenance allows the trustees to make payments directly to the minor, or to others on the minor's behalf.
D) The statutory power of maintenance does not allow the trustees to make payments to a minor's parent because of the potential for fraud.
Correct Answer:
Verified
Q1: Which one or more of the following
Q2: Which of the following statements is most
Q3: Danielle establishes a trust with Richard as
Q4: Which of the following is a group
Q5: Which one or more of the following
Q6: Which of the following statements is true
Q8: Marlene leaves a substantial sum in her
Q9: Which of the following is least likely
Q10: Klee leaves all of his substantial estate
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