Which of the Following Is NOTrequired to Create a Valid

question 20

Multiple Choice

Which of the following is NOTrequired to create a valid trust?

• A)Legal age and sound mind of the grantor
• B)Witnesses
• C)A beneficiary(ies)
• D)Property transferred to the trust

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Definitions:

Intimate Relations

Personal and deeply connected relationships between individuals, often characterized by affection, love, trust, and understanding.

McDonaldization

A term used to describe the process by which the principles of the fast-food restaurant are coming to dominate more sectors of society and the world, characterized by efficiency, calculability, predictability, and control through technology.

Subcultures

Groups within a larger culture that have their own distinct values, norms, and practices, often diverging from those of the main society.

Risky Decisions

Choices made under conditions of uncertainty that have the potential to lead to negative outcomes or loss.