A person's written statement that he is leaving property "to Margaret in full confidence and with hope she will take care of Tina" is too indefinite to create a trust.
Correct Answer:
Verified
Q2: If a will was burned in an
Q11: A trust is presumed to be irrevocable
Q12: Creditors of the beneficiary of a spendthrift
Q13: A witness to a will who is
Q14: A codicil to the will must be
Q15: In most states, there is no lower
Q18: Consideration is not necessary in order to
Q19: There is no such thing as an
Q20: The powers of a trustee are determined
Q21: The owner of legal title to the
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