In 2008, Bill created a trust that would become effective on his death. In the trust instrument, Bill specified that all of the income from his stocks and bonds be used for the benefit of St. John's Hospital and indicated that his brother Chad should administer the trust.
a. What kind of trust is this?
b. What is Bill in relationship to the trust?
c. What is the corpus of the trust?
d. What is Chad in relationship to the trust?

Question

Quizplus · Accepted Answer

The Answer of In 2008, Bill created a trust that would become effective on his death. In the trust instrument, Bill specified that all of the income from his stocks and bonds be used for the benefit of St. John's Hospital and indicated that his brother Chad should administer the trust.
a. What kind of trust is this?
b. What is Bill in relationship to the trust?
c. What is the corpus of the trust?
d. What is Chad in relationship to the trust?

In 2008, Bill Created a Trust That Would Become Effective