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:
Verified
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A)
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