Solved

Jorge, Who Is Very Wealthy, Wishes to Provide Financial Protection

Question 34

Multiple Choice

Jorge, who is very wealthy, wishes to provide financial protection for his elderly mother and his children in the event of his death. His will is likely to:


A) Contain a clause giving his mother a life estate in his property and naming the children as remaindermen.
B) Contain a clause setting up a trust from which both his mother and the children could draw for support and maintenance.
C) Contain a clause transferring his property to his brother, in trust, with his mother to receive the income from the property during her lifetime and with his children receiving the corpus following her death.
D) Any of the above.
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions