Question: By a trust deed dated 12 June 2020, Mr and Mrs Moniecome established a trust for charity. The trust fund consists of one million ringgit.They
By a trust deed dated 12 June 2020, Mr and Mrs Moniecome established a trust for charity. The trust fund consists of one million ringgit.They made a provisions as follows
20 per cent of the trust fund for the relief of poverty amongst those who have been severely affected by Covid-19;
After the death of the couple on 1 August 2020, the trustees are to carry out the charitable purposes of the trust However, the children of Mr and Mrs Moniecome claim that the trust deed executed by their parents have failed and thus they are entitled to the one million ringgit.
Can I get the full answer ?
this is regarding charitable trust
Whether the trust will fail or not
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
