Equity and Trust Law
Hi, I am working on a problem question and I am confused as to what to conclude. So a settlor created a will and one of the provisions is the following: "Laura has set aside £50,000 to be held on trust for Kamil until he turns 18. Laura had hoped that Kamil would use the money to fund his own studies as a zoologist and follow in her footsteps."
I have analysed the certainty of intention and came to conclusion that the settlor created a valid intention, however, I am confused regarding the second clause of the provison where she used precatory words. Would this be an absolute gift to Kamil and he is able to do whatever he wants with this money or does this create an obligation on him to use for a specific purpose?
I have analysed the certainty of intention and came to conclusion that the settlor created a valid intention, however, I am confused regarding the second clause of the provison where she used precatory words. Would this be an absolute gift to Kamil and he is able to do whatever he wants with this money or does this create an obligation on him to use for a specific purpose?
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