The three essential characteristics of a trust are certainty of:
• the identity of the property to be placed in the trust;
• an intent on the part of the settlor to create a trust; and
• the basis for allocating the trust income to the beneficiaries.

Question

Quizplus · Accepted Answer

The three essential characteristics of a trust are certainty of:
• the identity of the property to be placed in the trust;
• an intent on the part of the settlor to create a trust; and
• the basis for allocating the trust income to the beneficiaries.

The Three Essential Characteristics of a Trust Are Certainty Of