Multiple Choice
A trust that is implied from the intention of the parties that the person holding legal title is holding it for another's benefit is called a
A) pour-over trust.
B) precatory trust.
C) resulting trust.
D) constructive trust.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: A trust in which the settlor transfers
Q12: A trust that is used to eliminate
Q13: Equitable title also is known as beneficial
Q14: Without a beneficiary, a trust cannot exist.
Q15: A testamentary trust is a trust expressing
Q17: A pour-over trust is considered to be
Q18: A person who sets up a trust
Q19: A sole trustee of a trust also
Q20: No particular words, such as "trust" or
Q21: In an express trust, the intention must