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Which of the Following Is One of the Requirements for Forming

Question 41

Multiple Choice

Which of the following is one of the requirements for forming an express trust?


A) The settlor need not necessarily attain the age required by state law for the creation of valid wills and contracts.
B) The trust cannot be created for a reason that is contrary to public policy.
C) The settlor must name a trustee for the trust and a substitute trustee in the event the named trustee refuses to act.
D) The beneficiaries cannot be members of a specific class, such as "my children."

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