Asked by
Alexandre Kanyeshuli
on Dec 01, 2024Verified
Almost all jurisdictions require that:
A) express trusts of real property be in writing.
B) trusts have at least four witnesses.
C) an inter vivos trust have at least two trustees.
D) a charitable trust have at least two trustees.
Express Trusts
Express Trusts are trusts created intentionally by the settlor, typically through a written document, specifying how assets placed into the trust should be managed and distributed.
Inter Vivos Trust
A trust created during the lifetime of the grantor, allowing the grantor to transfer assets before death for the benefit of future beneficiaries.
- Acknowledge the assorted types of trusts and their particular characteristics.
- Discern the legal protocols involved in drafting wills and trusts.
Verified Answer
DC
Learning Objectives
- Acknowledge the assorted types of trusts and their particular characteristics.
- Discern the legal protocols involved in drafting wills and trusts.