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Which of the Following Statements Most Accurately Describes the Ways

Question 1

Multiple Choice

Which of the following statements most accurately describes the ways in which a settlor (owner of property) may seek to create a trust?


A) Either by transfer of the property to be settled on trust to a third party to act as trustee, or by the settlor declaring him- or herself trustee.
B) Transfer to a single third party to act as trustee, or to a group of persons to act as trustees.
C) Either by declaring himself trustee for the beneficiary or beneficiaries, or declaring himself one of a body of collective trustees.
D) Either by setting out his wishes orally, or in writing.

Correct Answer:

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