To Be Legally Effective, a Trust Must Be Express

question 36

True/False

To be legally effective, a trust must be express.

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Definitions:

Recession

A period marked by a significant decline in economic activity across the economy, lasting for several months or more, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

World War II

A global conflict that took place from 1939 to 1945, involving most of the world's nations and marked by significant events that shaped modern history.

Decade

A span lasting a decade.

Roosevelt Administration

The period of U.S. governance under President Franklin D. Roosevelt from 1933 to 1945, known for the New Deal programs.