I have a question to do for equity and trusts i gather it is on chartable trusts and am absolutely lost!
the question is as follows Andreas is the proprietor of cost world Furninshings Ltd. In 2001 he conveyed 1million to his trustees and made the following declarations

one fifth is to be used to set up a sports ground for the employees of cost world furnishings Ltd

one fifth of the fund is to used to look after my pet elephant

one fifth of the fund is to be used to build and maintain a monument to my late wife

one fifth is to be used to educate my children up to the age of 21 (both Andreas's children are over 21)
one fifth of the fund is used to promote freedom of expression around the world.

Advise on the validity of the clauses in andreas's will.

any help would be much appriciated

JudyKayTee

[quote=fali786]I have a question to do for equity and trusts i gather it is on chartable trusts and am absolutely lost!
the question is as follows Andreas is the proprietor of cost world Furninshings Ltd. In 2001 he conveyed 1million to his trustees and made the following declarations

one fifth is to be used to set up a sports ground for the employees of cost world furnishings Ltd

one fifth of the fund is to used to look after my pet elephant

one fifth of the fund is to be used to build and maintain a monument to my late wife

one fifth is to be used to educate my children up to the age of 21 (both Andreas's children are over 21)
one fifth of the fund is used to promote freedom of expression around the world.

Advise on the validity of the clauses in andreas's will.


Well, any thought about attempting to offer advice here went out the window when the pet elephant walked into the picture. (I think some postings are easier to spot than others!)