Which of the following is false regarding trusts?
A) A settlor may revoke a trust at any time.
B) Settlors may create trusts to prevent individuals from getting access to certain assets.
C) Trusts may be set up to make "awards" to family members who make significant contributions in certain fields, such as education, science, law, or medicine.
D) A trust document may state that the trust will terminate when an event happens, such as when the remainderman reaches a certain age.
E) A court can place assets of a partnership in a constructive trust if it discovers that one partner is engaging in fraudulent or unconscionable conduct that might negatively affect the interests of another partner.
Correct Answer:
Verified
Q44: The term _ covers a variety of
Q52: Which of the following is true regarding
Q53: Which of the following is true regarding
Q54: A[n] _ trust is a type of
Q55: Which of the following identifies the document
Q56: When a trust is terminated,which of the
Q59: Which of the following is true regarding
Q60: List four reasons discussed in the text
Q62: List the two components that are usually
Q88: What are the four requirements needed for
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