In 2000, Boyd created a trust that would become effective on his death. In the trust instrument, Boyd specified that all of the income from his stocks and bonds be used for the benefit of St. John's Hospital and indicated that his brother Chad should administer the trust.
a. What kind of trust is this?
b. What is Boyd with relationship to the trust?
c. What is the corpus of the trust?
d. What is Chad with relationship to the trust?

Question

In 2000, Boyd created a trust that would become effective on his death. In the trust instrument, Boyd specified that all of the income from his stocks and bonds be used for the benefit of St. John's Hospital and indicated that his brother Chad should administer the trust. 
a. What kind of trust is this? 
b. What is Boyd with relationship to the trust? 
c. What is the corpus of the trust? 
d. What is Chad with relationship to the trust?

Quizplus · Accepted Answer

The Answer of In 2000, Boyd created a trust that would become effective on his death. In the trust instrument, Boyd specified that all of the income from his stocks and bonds be used for the benefit of St. John's Hospital and indicated that his brother Chad should administer the trust. 
a. What kind of trust is this? 
b. What is Boyd with relationship to the trust? 
c. What is the corpus of the trust? 
d. What is Chad with relationship to the trust?

In 2000, Boyd Created a Trust That Would Become Effective