Bob died in 2020 and made the following provisions in his will: My exotic cars to my trustees to hold on trust for Clara’,‘£200,000 on trust to be distributed in such amounts as my trustees shall in their absolute discretion think fit amongst my friends and relatives’ ,£15m on trust for the inhabitants of Hampshire’,Consider the validity of the three provisions above.

Equity and Trusts

Description

3. Bob died in 2020 and made the following provisions in his will:

(i) ‘My exotic cars to my trustees to hold on trust for Clara’.

(ii) ‘£200,000 on trust to be distributed in such amounts as my trustees shall in their absolute discretion think fit amongst my friends and relatives’.

(iii) ‘£15m on trust for the inhabitants of Hampshire’.

Consider the validity of the three provisions above.

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