A distinguishing feature between the making of an inter vivos gift and the creation of a trust is that:
A) a gift may be made orally whereas a trust must be in a signed writing.
B) a gift is irrevocable whereas a trust may be revoked in certain cases.
C) to create a valid trust,the creator must receive some form of consideration.
D) the beneficiary of a trust must be notified of the trust's creation.
Correct Answer:
Verified
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