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Isla Reed gives £40,000 to her grandson Noah Reed, who is 13, but Noah is to take the fund absolutely only at age 21. Draft one clause requiring the trustees to hold the gift for Noah until that age; do not add income or advancement powers.
Trustees hold a separate share for 15-year-old Mia Long until age 25. Draft one power allowing the trustees to apply income from Mia's share for her maintenance, education or benefit before she reaches 25.
Any income from Theo Page's trust share that is not applied for Theo before age 23 must be accumulated and added to Theo's share. Draft the accumulation sentence.
Before Ava King reaches 25, her trustees may advance up to the whole of Ava's presumptive or vested capital share for Ava's maintenance, education or benefit. Draft the power without allowing recourse to anyone else's share.
Trustees wish to pay £2,000 from 12-year-old Leo Moss's income fund to Leo's mother, Anna Moss, solely to meet Leo's school costs. Draft one receipt provision protecting the trustees while making clear that Anna receives the money for Leo's benefit, not as her own gift.
Under Vera Holt's will, her 16-year-old niece Ruby Holt receives £60,000 at age 24. Until then, trustees may apply income for Ruby's maintenance and education, accumulate the balance and advance no more than half of Ruby's capital share for those purposes. Draft only the holding, income and advancement provisions.
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