Which of the Following Statements Is True

question 8

Multiple Choice

Which of the following statements is true?

• A) A trust and a power are identical methods for distributing property.
• B) A trust and a power are both methods for distributing property, and differ only in the legal tests applicable to establish them.
• C) A trust and a power are similar methods of distributing property, but differ in the enforceability of the obligation by the potential objects.
• D) A trust and a power differ in that a trust provides a fixed method for distributing property to named persons whereas a power allows flexibility in deciding who should benefit under a distribution of property.