Solved

Balmer, in His Home-Made Will, Leaves All His Property to Be

Question 6

Multiple Choice

Balmer, in his home-made will, leaves all his property to be held by Judas, his trustee, 'in the hope and expectation that he will distribute it to such of my blood relatives who survive me, as Judas in his absolute discretion shall decide, or in default of appointment, everything should be given to my nephew, George.'
Balmer has sought to create:


A) A fixed trust for named beneficiaries.
B) A mere power, under which Judas can either chose to distribute the pieces of crystal, or keep them for himself.
C) A discretionary trust.
D) A fiduciary power.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents