The Trust Instrument Must Either Specifically Describe the Trust Property

question 20

True/False

The trust instrument must either specifically describe the trust property or clearly define the procedure to be followed in identifying the trust property.

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Definitions:

Optional

Something that is not mandatory or compulsory; it is left to one's choice or preference.

Venue

The geographic district in which an action is tried and from which the jury is selected.

Geographic Area

Refers to a specific physical region or territory defined by natural or artificial borders.

Lawsuit

A legal action brought by one party against another in a court of law, typically seeking redress or enforcement of rights.