Which One of the Following Situations Is One Where the Courts

question 7

Multiple Choice

Which one of the following situations is one where the courts would be unlikely to intervene with a decision of the trustees?

• A) The trustees make an advancement of capital to Marshall under a discretionary power of advancement in return for him surrendering a life interest. They have. incorrectly .been advised by a qualified financial adviser that this will not have any adverse taxation consequences. In fact, it results in a significant charge to tax.
• B) Boris refused to advance property to his son under a discretionary power of advancement, because he does not like his son's new wife.
• C) Lily, in preference to a named class of objects of a power, appointed her friend, Herman, to enjoy the benefits of the property.
• D) Deidre, in exercising a power of appointment, decided to select from the valid class of potential objects on the basis of those persons that she found most attractive.

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