Serena Decides to Create a Trust for the Benefit of Her

question 13

Multiple Choice

Serena decides to create a trust for the benefit of her children. She deeds her property to the trust but retains the power to amend, alter, or revoke the trust. She also serves as the trustee and receives income earned by the property. This is

• A) not a trust.
• B) a revocable living trust.
• C) an irrevocable living trust.
• D) a constructive trust.

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