Short Answer Questions

1. A client provides you with a draft trust deed which states "The trustee is to hold $1000 on trust for my pet Centipede, Samantha". What would be wrong with such a trust?

1. In what two circumstances will a trust be void as a result of illegality by statute?

1. What trusts documents is a beneficiary of a trust entitled to inspect? Does that include 'reasons' relating to the exercise of a discretionary power prepared by a trustee?

1. Why is the inherent jurisdiction of the Court to vary the terms of a trust limited? Give an example of a permissible variation.

1. In Australia, does the law consider the 'Quistclose trust' to be an express or resulting trust? Explain your answer.

1. Identify a circumstance where a Court will grant a remedial constructive trust.