Which of the Following Gifts in a Will Is an Example

question 3

Multiple Choice

Which of the following gifts in a will is an example of a discretionary trust?

• A) "… and on my wife's death, I leave the residue of my estate upon trust to be divided between such of my grandchildren then living as my trustees shall in their absolute discretion determine".
• B) "… and on my wife's death, I leave the residue of my estate upon trust to be divided between such of my grandchildren as shall be then living".
• C) "… and on my wife's death, I leave the residue of my estate upon trust to be given to the charity nominated by my wife in her will, failing which to be divided between such of my grandchildren as shall then be living".

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Definitions:

B. F. Skinner

An American psychologist and behaviorist best known for his work in behaviorism and the development of the theory of operant conditioning.

Internally Oriented

Refers to a focus or perspective that emphasizes inward-looking practices or philosophies, prioritizing internal states, feelings, or operations.

Physically Healthier

Refers to a state of improved physical well-being, often achieved through exercise, proper nutrition, and avoiding harmful habits.

Collectivist Cultures

Societies that prioritize the group over the individual, emphasizing community, cooperation, and shared values.