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Issue ID: 109734
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pls reply the question

Date 16 Jan 2016
Replies1 Reply
Views 1024 Views
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Association of Persons as beneficiary in private discretionary trust questioned for indeterminate membership and shares.
Whether a trust may have multiple settlors; whether an Association of Persons can be a beneficiary of a private discretionary trust where membership and shares are indeterminate; and whether an Association of Persons can act as settlor. (AI Summary)
1.Can there be multiple settlors?
2. Can there be AOP as a beneficiary? The q be re-construed as :: whether an AOP with indeterminate shares and indeterminate members become beneficiary in a private discretionary trust
3) Can there be an AOP as a Settlor?
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Replied on Jan 18, 2016
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