Thomas Wants to Create an Inter Vivos Trust for the Benefit

question 56

Multiple Choice

Thomas wants to create an inter vivos trust for the benefit of his adult children.To create a valid inter vivos trust,he must have a level of mental capacity that is the same as that required to:

• A)make a valid contract.
• B)make a valid will.
• C)stand trial in a criminal case.
• D)testify under oath in a criminal case.

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Definitions:

Multiculturalism

A societal approach that recognizes, values, and promotes the cultural differences within a population, encouraging the coexistence of diverse cultural identities.

Racial Groups

Populations of individuals classified or categorized together based on physical characteristics, ancestry, or genetics, often socially constructed.

Ethnic Groups

Collectives of people who identify with each other based on shared cultural traditions, ancestry, language, history, society, nation, or religion.

African Canadians

Individuals in Canada of African descent, encompassing a wide range of cultural, linguistic, and historical backgrounds.