Which of the Following Is False Regarding Trusts

question 25

Multiple Choice

Which of the following is false regarding trusts?

• A) A settlor may revoke a trust at any time.
• B) Settlors may create trusts to prevent individuals from getting access to certain assets.
• C) Trusts may be set up to make "awards" to family members who make significant contributions in certain fields, such as education, science, law, or medicine.
• D) A trust document may state that the trust will terminate when an event happens, such as when the remainderman reaches a certain age.
• E) A court can place assets of a partnership in a constructive trust if it discovers that one partner is engaging in fraudulent or unconscionable conduct that might negatively affect the interests of another partner.

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Definitions:

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Medical term for itching, a symptom that causes a desire to scratch.

Ishihara Book

A color vision test that uses a series of plates filled with colored dots to detect red-green color deficiencies.

Jaeger Chart

A chart consisting of various sizes of print used to evaluate an individual's ability to read text at a normal reading distance.

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