- 7 Marks
BL – May 2021 – L1 – SB – Q6b – Law of Trusts
Explain the law on creating a trust and state the essentials of a trust for Esero's proposed trust.
Question
Esero, who lives in Maiduguri with his family, has three children in a high school. He intends to create a trust on his housing estate towards financing the education of his children up to postgraduate level. He has come to you for advice.
Required:
i. Explain the law on the mode of creating the trust. (4 Marks)
ii. State the THREE essentials of the proposed trust. (3 Marks)
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