Which of the following statements about trusts is true?

Question

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The Rule against Perpetuities is a common law rule that limits the duration of trusts and other property interests. It requires that an interest must vest, if at all, within a certain period of time after the creation of the trust, usually within 21 years plus the period of gestation. Options A, B, and D are incorrect as they contain incorrect information. The statement that is true about trusts is that the Rule against Perpetuities requires that an interest must vest, if at all, within 21 years (plus the period of gestation) after the life of a person or persons living at the time of the creation of a trust. The other statements are incorrect. A trust is created by a settlor and administered by a trustee, and a Marital Deduction Trust is not used to disinherit a surviving spouse. Additionally, a resulting trust is typically created when property is not properly transferred to a trust or when a trust terminates, and a court may find a resulting trust for the benefit of the settlor or his/her heirs, not a charity.

Which of the Following Statements About Trusts Is True