Multiple Choice
Which is an invalid trust combination?
A) The settlor is also the trustee and beneficiary.
B) The settlor is also a co-trustee and a co-beneficiary.
C) The settlor,trustee,and beneficiary are three different people.
D) The settlor is also the beneficiary,and another person is the trustee.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: MATCHING:<br>-A contract, made between and signed by
Q10: MATCHING:<br>-The right of the beneficiary to receive
Q11: The form of ownership of trust property
Q12: Which duty prohibits a trustee from personally
Q13: MATCHING:<br>-Oral testimony or written evidence<br>A)legal title<br>B)cestui que
Q13: Which is NOT considered valid grounds for
Q14: Which is NOT an essential element of
Q16: Beneficiaries of a trust must be defined
Q24: An infant may be a beneficiary of
Q29: MATCHING:<br>-The capital or property of a trust<br>A)legal