Equity and Trusts
Description
3. Bob died in 2020 and made the following provisions in his will:
(i) ‘My exotic cars to my trustees to hold on trust for Clara’.
(ii) ‘£200,000 on trust to be distributed in such amounts as my trustees shall in their absolute discretion think fit amongst my friends and relatives’.
(iii) ‘£15m on trust for the inhabitants of Hampshire’.
Consider the validity of the three provisions above.
MAKE REFERENCE ONLY TO UK LAW
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