Which of the Following Is Not a Characteristic of a Trust

question 7

Multiple Choice

Which of the following is not a characteristic of a trust?

• A) A trust can only exist in relation to specific property (real or personal).
• B) A trustee cannot also be a beneficiary under a trust.
• C) A trust can only exist for legal persons who must be able to enforce the duties under a trust.
• D) Legal title must be vested in trustees.

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Definitions:

Voluntary Manslaughter

The intentional killing of another person without premeditation, but under circumstances that can mildly mitigate, but not justify, the act.

Embezzlement

The act of wrongfully appropriating funds or property entrusted to one's care but owned by someone else.

Medical Expenses

Costs incurred for healthcare services, treatments, and procedures to maintain one's health.

Larceny

The unlawful taking of personal property with the intent to deprive the rightful owner of it permanently.