The threshold for sound mind is a little more stringent for an irrevocable trust than for a revocable trust or a will. As with will contests, a trust contest is typically a full-blown legal proceeding involving a trial. Breaking the trust would ultimately come down to the opinion of a judge.
A quid is a slang term for an english pound (currency not weight). Bob is slang for an old english shilling. Currently it's 100 pence = one pound. A shilling would be now worth about 5 pence today. It used to be 20 shillings made a pound.A shilling was 12 pennies.
There are some who say that Quid for Pound Sterling must have come from the Latin quid pro quo where something stands for something else. Quid vs Pounds (Sterling Pounds) â¢ Pound is the official currency of Great Britain though the formal name of the currency is Pound Sterling. â¢ Quid is a casual term for money in Britain as there is âbucks for dollarsâ in US. â¢ You can say one Quid or 1000 Quid and all you have to do is to replace pounds with Quid.