Author Question: A decedent's transfer of 10,000 to a trustee, to be held in trust for A, will fail to create a valid ... (Read 65 times)

clippers! · **on:** Jun 24, 2018

A decedent's transfer of 10,000 to a trustee, to be held in trust for A, will fail to create a valid trust if: __________.
A) it was not supported by consideration.
B) the trustee lacks capacity.
C) A is not a family member of the decedent.
D) the trustee had no opportunity to renounce the trust.

Question 2

In order for a trust to be created, who must be able to hold legal title?
A) the beneficiary only
B) the trustee only
C) either the beneficiary or the trustee
D) both the beneficiary and the trustee