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object (trust)

Last modified: Thu Feb 23 16:37:37 2006

The term `objects' covers beneficiaries and potential beneficiaries of a Trust (see: Beneficiary). if the Trustee has discretion how to allocate the benefits of the trust, then some objects of the trust may, in principle, not be beneficiaries as they may get nothing. However, there must be CertaintyOfObjects; that is, for a trust to be valid it must be possible to identify the class of potential beneficiaries.

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