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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Definitions:

Atomic Number

The number of protons found in the nucleus of an atom, which determines the chemical properties of an element and its place in the periodic table.

Hydrogen

The lightest and most abundant chemical element in the universe, consisting of just one proton and often one electron.

Neutrons

Subatomic particles found in the nucleus of an atom, with no electrical charge and a mass slightly greater than that of protons.

Protons

Positively charged subatomic particles found in the nuclei of atoms which determine the element's identity and properties.