Multiple choice

To create an interest for the benefit of an unborn person, which of the following requirements should be there?

  1. No direct interest

  2. Prior interest

  3. Absolute interest

  4. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Where, on a transfer of property, an interest therein is created for the benefit of a person not in existence at the date of the transfer, subject to a prior interest created by the same transfer, the interest created for the benefit of such person shall not take effect unless it extends to the whole of the remaining interest of the transferor in the property. 

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