Which of the Following Statements Is True in Relation to Trustee's

question 3

Multiple Choice

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

• A) Trustees can use any part of the trust fund for the purposes of paying for the maintenance of minors. The correct statement is '
• B) Trustees have a discretion whether to pay income from a trust fund to an adult beneficiary.
• C) The statutory powers of maintenance may be excluded by a direction in the trust to accumulate income.
• D) Trustee's powers of maintenance may be only exercised on behalf of minors who have a vested interest in the intermediate income.

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