Multiple Choice
What type of trust, where the settlor must clearly intend to create a trust, has the following four elements: (1) a settlor, (2) a trustee, (3) trust property, and (4) at least one beneficiary?
A) Express trust
B) Implied trust
C) Testamentary trust
D) Living trust
Correct Answer:
Verified
Correct Answer:
Verified
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