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Author Question: What type of trust, where the settlor must clearly intend to create a trust, has the following four ... (Read 79 times)

Yolanda

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on: Aug 3, 2018
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

Question 2

What type of trust, often called an involuntary trust, is created by law?
 
  a. Express trust
  b. Implied trust
  c. Testamentary trust
  d. Living trust


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debra928

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Reply #1 on: Aug 3, 2018
Answer to Question 1

a

Answer to Question 2

b


Yolanda

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Reply 2 on: Aug 3, 2018
Excellent

sarah_brady415

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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