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Mary Sets Up a Trust Fund for Her Children

Question 42

Multiple Choice

Mary sets up a trust fund for her children. The money is placed into an account with Kids Money an organization that looks after money belonging to children. Which of the following is true?


A) Mary needs to find another impartial adult to review the arrangement before she can revoke it.
B) Mary has no authority over the money.
C) The children for whom the arrangement has been set up can go to Kids Money and request that the money be given to them.
D) Mary cannot revoke the arrangement without the consent of the children.
E) Mary can revoke the arrangement without the consent of the children.

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