In 2010, Boyd Created a Trust That Would Become Effective

question 25

Essay

In 2010, Boyd created a trust that would become effective on his death.In the trust instrument, Boyd specified that all of the income from his stocks and bonds be used for the benefit of St.John's Hospital and indicated that his brother Chad should administer the trust.
a.What kind of trust is this?
b.What is Boyd with relationship to the trust?
c.What is the corpus of the trust?
d.What is Chad with relationship to the trust?

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Definitions:

Second Energy Level

The energy level beyond the first in an atom where electrons can reside, typically holding up to eight electrons.

Electrons

Subatomic particles with a negative charge, orbiting the nucleus of an atom and involved in chemical bonds and electrical current.

Mass Number

The total number of protons and neutrons in the nucleus of an atom, which determines its atomic mass.

Protons

Particles with a positive charge found in the nucleus of an atom, playing a role in the atom's mass and total charge.