Which of the Following Statement Is True in Relation to the Operation

question 5

Multiple Choice

Which of the following statement is true in relation to the operation of secret trusts?

• A) Secret trusts are trusts made in wills in which the trustees and beneficiaries are concealed from everyone until the operation of a secret event.
• B) Secret trusts provide a mechanism for testator to leave property to a named beneficiary, who is then under an enforceable obligation to pass it on to another, unnamed beneficiary.
• C) Secret trusts provide a means to provide for someone to conceal gifts to others during the lifetime of the settlor.
• D) In a secret trust, the beneficiaries and trustees are known, but the beneficiaries are only entitled on the happening of a secret event.