Which of the following gifts in a will is an example of a discretionary trust?
A) "… and on my wife's death, I leave the residue of my estate upon trust to be divided between such of my grandchildren then living as my trustees shall in their absolute discretion determine".
B) "… and on my wife's death, I leave the residue of my estate upon trust to be divided between such of my grandchildren as shall be then living".
C) "… and on my wife's death, I leave the residue of my estate upon trust to be given to the charity nominated by my wife in her will, failing which to be divided between such of my grandchildren as shall then be living".
Correct Answer:
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