Exam 18: Variation of Beneficial Interests; Powers of Maintenance and Advancement

Which of the following statements is true in relation to trustee's powers of maintenance under the Trustee Act 1925, s.31?

Klee leaves all of his substantial estate to Tweedledum and Tweedledee upon trust for Wanda for life, and on her death to be divided between their three children Eeeny (aged 21), Meeny (aged 17), and Miney (aged 12) equally. Eeny has started business as a landscaping contractor and would like an advancement to purchase a mechanical excavator. Which of the following statements about the statutory power of advancement is true?

Which of the following statements is true in relation to trustee's powers of maintenance under the Trustee Act 1925, s.31?

Marlene leaves a substantial sum in her will to be held on trust to pay for her grandchildren's education, and to be divided equally between them when the youngest grandchild attains the age of 25. At her death she has four grandchildren. Maxine, the eldest, is 25 already. Minnie, the youngest, is 4. Maxine has completed her studies, but would like money as a deposit to purchase her own house. Which of the following statements is the most accurate?

Which one or more of the following statements is false?

Which of the following statements is most accurate?

Which of the following is a group of persons on behalf of whom a court may approve a proposed variation of a trust under s.1 of the Variation of Trusts Act 1958?

Which one or more of the following are ways in which a trust can be varied.

Which of the following is least likely to be considered a valid example of advancement within the statutory power of trustees to make advancements?

Danielle establishes a trust with Richard as protector. The trust is in favour of Danielle's wife Rebecca for her life, and on her death on trust for the three children of Danielle and Rebecca. The trust provides additionally that the protector may add or remove beneficiaries. Which of the following statements most accurately describes the potential for varying the trust to give Rebecca access to some of the capital of the trust?