- 1 Marks
Question
State any TWO certainties required for the creation of a valid trust.
Answer
Certainty of intention, Certainty of subject matter
Explanation:
To create a valid trust, there must be certainty of intention (the settlor must clearly intend to create a trust) and certainty of subject matter (the property being placed in the trust must be clearly identifiable). A third certainty is the certainty of objects, referring to the clear identification of the beneficiaries.
- Tags: Certainties, Law of Trusts, Trusts
- Level: Level 1
- Topic: Law of Trusts
- Series: NOV 2012
- Uploader: Theophilus