Trusts

Question 1

When can Bs bring a trust to an end if some Bs interests are contingent and a replacement B is named

Answer 1

If Bs have satisfied contingency:
* All potential Bs are in existence and ascertainable
* ALL adults; and
* ALL agree

If Bs have not satisfied contingency, can end trust provided they obtain replacement Bs consent.

Question 2

is an instruction to hold property on trust ‘until Bs attain the age of 21’ a contingency?

Answer 2

Yes