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) in order 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
Q60: Thomas wants to create an inter vivos
Q62: Before he died,Aaron created a charitable trust
Q64: Donald is the trustee of a trust
Q64: Which of the following arises when there
Q68: Which of the following is true of
Q69: Lyle and Susie had three children: Seed,Sierra,and
Q70: Joe Smith has just died.Three months ago,when
Q72: Under exceptional circumstances in which the creation
Q76: When a person procures the transfer of
Q85: Steve and Bob own real property as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents