Solved

Last Year, Rebecca Left Her Residuary Estate (Worth £1million) to Tony

Question 4

Multiple Choice

Last year, Rebecca left her residuary estate (worth £1million) to Tony and Teresa on trust to be divided between her grandchildren in such shares as David might by deed appoint.
Which of the following statements (there may be more than one) are true?


A) David is under no obligation to make a decision about the division of the estate.
B) If one of the grandchildren is dead, David could choose that grandchild's surviving spouse as a beneficiary instead.
C) In the absence of a decision by David, the fund would probably be divided in equal shares between all of the children and grandchildren in equal shares.
D) David cannot appoint himself as a beneficiary (unless he is one of Rebecca's grandchildren) , but he can agree with one of the grandchildren to appoint her in return for a share of what she receives.

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