Solved

Which of the Following Statements Is True

Question 14

Multiple Choice

Which of the following statements is true?


A) A trust and a power are identical methods for distributing property.
B) A trust and a power are both methods for distributing property, and differ only in the legal tests applicable to establish them.
C) A trust and a power are similar methods of distributing property, but differ in the enforceability of the obligation by the potential objects.
D) A trust and a power differ in that a trust provides a fixed method for distributing property to named persons whereas a power allows flexibility in deciding who should benefit under a distribution of property.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents