Solved

To Be a Settlor,a Person Must Meet All of the Following

Question 3

Multiple Choice

To be a settlor,a person must meet all of the following requirements EXCEPT:


A) Act as the beneficiary
B) Have the right or power to dispose of a property interest
C) Own a transferable interest in property
D) Have contractual capacity

Correct Answer:

verifed

Verified

Related Questions

Q5: If there are two trustees, one may

Q10: MATCHING:<br>-The right of the beneficiary to receive

Q10: Which is an invalid trust combination?<br>A)The settlor

Q11: The form of ownership of trust property

Q13: MATCHING:<br>-Oral testimony or written evidence<br>A)legal title<br>B)cestui que

Q16: Beneficiaries of a trust must be defined

Q21: MATCHING:<br>-The authority on trust law in most

Q24: An infant may be a beneficiary of

Q26: Trustees must generally be paid.

Q29: MATCHING:<br>-The capital or property of a trust<br>A)legal