Could someone please help me out with this assignment - Law Undergraduate level
EQUITY AND TRUSTS
In 1995 Amanda covenanted by deed with Brian, Christine and Daniel, that when Daniel reached 25 years of age she would transfer to Brian and Christine ‘Home Farm’, one of the freehold properties owned by Amanda, on trust for Daniel for life and thereafter for any children that he may have.
In 1998 Amanda covenanted by deed with Edward and Frank that she would transfer to them any interest she received under her aunt’s will on trust for Georgina for life and thereafter for any children she may have.
In 2000 to encourage the marriage of Henry and Iona, Amanda covenanted by deed with Julia and Ken to transfer to them 5,000 shares in ABC plc and ‘Moor View’, another of the freehold properties owned by Amanda, to be held on trust for Henry and Iona and any children they may have. In the event of there being no children, the trustees were to hold the shares and property on trust for Amanda’s sister, Louise.
Two weeks ago, Amanda, who had been ill for some time, handed the keys to her Mercedes car to Mark and told him that if she died, she wanted him to have the car.
Daniel was 25 two months ago.
Amanda’s aunt died late last year and left Amanda £250,000.
Henry and Iona have married.
Amanda died last week without taking any further action with regard to any of the above. She has left a will in which she appointed Edward and Frank as her executors. She has left all her estate to Neil.
Advise Edward and Frank how Amanda’s estate should be distributed.
Turn on thread page Beta
law - equity and trusts watch
- Thread Starter
- 02-12-2003 17:20
- 02-12-2003 17:39
i wopuld suggest doing ur own hw or askin someone more familiar, ie ur class to help but here i go
everything to Neill, but speak to him and discuss what she had done and ask him to give mark the car. What's the status on enforcing liability if your dead.
ps look in your books
- 02-12-2003 17:50
Now this looks like a suicide waiting to happen :s