A decedent's transfer of $10,000 to a trustee, to be held in trust for A, will fail to create a valid trust if: __________.

Question

Quizplus · Accepted Answer

A trust does not require consideration to be valid, and the beneficiary does not need to be a family member. The trustee's capacity is essential for managing the trust, and there is no requirement for a trustee to have an opportunity to renounce the trust for it to be valid.

A Decedent's Transfer of $10,000 to a Trustee, to Be