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TRUST & EQUITY

Member rating: No Rating | Words: 4000 | Submitted: Mon Jul 09 2007

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Andrea, the curator of the local museum, has recently died. Her will contains the following provisions: i) to my accountant and good friend, Eustace, the best part of my collection of antique coins, entreating him to divide the lions share between the curators of all museums in europe established before i was born In order for a trust to be valid, the three certainties1 must be complied with2, namely certainty of intention, of subject matter and of object matter. In this instance the problem would appear to be with certainty of both intention and of subject matter.3 In addition, a number of other matters must be complied with such as constitution and sometimes, formalities, depending upon the subject matter of the trust. Here it is not certain whether Andrea wishes this gift to be an absolute gift to Eustace or whether she intends to create a trust for all the...

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