Equity and trusts problemWatch
If in a will a trustee is told within a clause that they 'must' invest in particular funds with the trust money, what type of institution will this be construed as... i.e is it a power, a fixed trust etc. and is there any cases which have similar facts?
Why are you trying to establish whether it is a trust (fixed or discretionary) or a power? In other words, why is the investment clause relevant to the issue of objects?