Which is NOT an essential element of an express trust?
A) A charitable purpose must be expressly designated.
B) The settlor must transfer sufficiently identified property to the trust.
C) The settlor must intend to create a private trust.
D) A beneficiary of the trust must be named.
Correct Answer:
Verified
Q16: MATCHING:
-A trust that may not be amended,
Q17: MATCHING:
-A trust made between living persons
A)active trust
B)inter
Q18: MATCHING:
-A trust made when a settlor retains
Q19: MATCHING:
-A trust for which the trustee has
Q20: The Rule Against Perpetuities places a time
Q22: Which trust is in the form of
Q23: Which is NOT a subcategory of express
Q24: Which is NOT a type of resulting
Q25: Which is NOT an advantage of using
Q26: Which function CANNOT be performed by a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents