Weekly Question - Estate Planning
Written on 26/06/2019

1.       Someone is entitled to income from a trust but cannot access the capital, when they die the capital does not form part of their estate, what type of trust is this describing? 

i)                    A Statutory Trust

ii)                  A Life Interest Trust

iii)                 A Discretionary Trust

iv)                 A Bare Trust

Answer is ii)

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