Which of the following statements is true?

Question

Quizplus · Accepted Answer

The statement that is true is that the beneficiaries under a fixed trust must be described in such a way that they are individually identifiable. This means that the beneficiaries must be specifically identified, rather than just being part of a larger class. Option A is incorrect because beneficiaries do not necessarily need to be ascertainable at the time the trust is set up, as long as they can be identified later on. Option B is incorrect because the birth of new children would not necessarily invalidate the trust, as long as the class of beneficiaries is still clear and identifiable.

Which of the Following Statements Is True