Multiple Choice
Which is an invalid trust combination?
A) The settlor, trustee, and beneficiary are three different people.
B) The settlor is also a co-trustee and a co-beneficiary.
C) The settlor is also the trustee and beneficiary.
D) The settlor is also the beneficiary, and another person is the trustee.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The trustee in the trust instrument is
Q3: A single trust may have only one
Q4: After the creation of a trust, title
Q5: If there are two trustees, one may
Q6: Which duty prohibits a trustee from personally
Q7: MATCHING:<br>-The monetary gain that is generated from
Q8: MATCHING:<br>-A contract, made between and signed by
Q9: Any transferable interest in an object of
Q10: MATCHING:<br>-The right of the beneficiary to receive
Q11: A settlor may cancel a trust if