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.
1 Quid is just a slang term like bucks for dollars in America. â The origin of pound is Latin word Libra pondoâ which happens to be the currency in ancient Roman empire and it means âweighed on to scalesâ . âQuidâ is originated from Latin words âquid pro quo,â with the meaning âsomething for something.â.