Why may the “complete list” be used?

Asked on 09.10.2018 in All Questions.
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The “complete list” used to be the same for both discretionary and fixed trusts, but this became quite troublesome for the discretionary trusts, because of the number of prospective beneficiaries, compared to that of a fixed trust. Therefore, the new test of “is or is not” was introduced. This new test required that any potential beneficiaries must show that they fit within the description of the objects.  This is much clearer than the “complete list...
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