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In Each of the Following Cases, an Individual Is Attempting

Question 77

Essay

In each of the following Cases, an individual is attempting to establish a trust. For each of these Cases, indicate whether the attempt has been successful. Explain your conclusion.
Case A - Martin Falk has signed an agreement that specifies the property that he will transfer to a trustee at the end of the current year. The income from the trust will be distributed to his friend of several years, Lola Lamour.
Case B - Martha Stuart transfers property to a trustee, specifying that the income from the property should be distributed to prison inmates in Virginia.
Case C - Joan Morgan sends a cheque to her son, indicating that the money should be used for the education of her grandchildren.

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Case A - While Martin has signed the agr...

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