The beneficiary principle, as explained in Re Astor (1952), requires which of the following in order to create a valid private trust?

Question

The beneficiary principle, as explained in  Re Astor  (1952), requires which of the following in order to create a valid private trust?

Answer

All beneficiaries to be living at the time the trust is created

Answer

All beneficiaries must be of full age when the trust is created

Answer

A sufficiently certain purpose to be expressed

Answer

The trustees must have complete discretion over the trust property

Answer

The trust must benefit persons

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