PlEASE HElP TRUSTS Q thanks

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  1. abeel121's Avatar
    • New Member
    • Posts: 12
    PlEASE HElP TRUSTS Q thanks
    I really really need help recognising whether the following trusts are fixed or discretionary trust pleaseeeeee

    1. All my good wines, as my wine merchant shall in his absolute judgment determine to my husband hammett. The remaining bottles to be sold and proceeds to be used for upkeep of my tortise until the end of her days.

    2. 200,000 to be divided amongst past and present students in birmingham university

    3. 100,000 to be used to make grants within 6 months of my death to such of my longstanding friends as my trustees shall in their absolute discretion see fit any funds remainin to be held on trust for such charitable and benevolment purposes as my trustees shall select

    4. The residue of my estate on trust for my husband hammett for life, remainder to such members of the" appointed class" and in such amounts as my trustees shall in their absolute discretion see fit. The " appointed class" shall consist of my children, their spouses and former spouses or widows or widowers and any issue thereof, an person appointed to the "appointed class" by my trustees by written deed within the lifetime of my husband hammett, my trustees to have the power to appoint in their absolute discretion anyone in the world to the "appointed class" except themselves or trustess next of kin , employes or dependents

    Any feed back to what kind of trusts these are will be appreciated and any problems eg segregation in 1 or longstanding friends in 3.

    Thank u ppl
  2. Coursework.info's Avatar
    • Retired TSR Help Bot
    • Location: That galaxy over there
    PlEASE HElP TRUSTS Q thanks
    It's been a while since you posted and nobody's replied yet...maybe you should check out MarkedbyTeachers.com, TSR's sister site. It has the largest library of essays in the UK.

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