Discretionary Trust,Fixed Trust, Knight V Knight, Secret Trust and Mutual Trust essays & term papers     

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Discretionary Trust,Fixed Trust, Knight V Knight, Secret Trust and Mutual Trust Free Essay, Term Paper and Book Report

Discretionary Trusts, Fixed Trusts, Knight v Knight Clara was a keen squash player and a member of the Wombourne Squash Club. She died last week following an accident on the squash court. Three weeks before she died Clare wrote to Benjamin saying he could have her collection of Jill Jeffery paintings. Before Benjamin could collect the paintings Clara died. Clara' s will left the paintings to Amarjit. Clara's will appointed Benjamin her executor and contained the following information: 1. I leave £20,000 to Elizabeth in the hope that she will divide it equally amongst all my old friends. 2. I leave £30,000 on trust for the employees or ex-employers of my company Crunchy Biscuits Ltd or their relatives or dependants as my trustees shall in their absolute discretion think fit. 3. I leave £15,000 for the maintenance for my car Oscar. 4. I leave £500,000 for the construction of a new squash court at Wombourne Squash Club. Advise us to the validity of the clauses contained in the will and whether Benjamin or Amarjit is entitled to the collection of t......

Word Count: 3030
Page Count: 12.1  (250 words a page / double spaced)

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