Krieg's Will Created a Trust to Take Effect Upon Krieg's

question 45

Multiple Choice

Krieg's will created a trust to take effect upon Krieg's death.The will named Krieg's spouse as both the trustee and personal representative (executor) of the estate.The will provided that all of Krieg's securities were to be transferred to the trust and named Krieg's child as the beneficiary of the trust.Which of the following is true under the circumstances?

• A) Krieg has created a testamentary trust.
• B) Krieg's spouse may not serve as both the trustee and personal representative.
• C) Krieg has created a spendthrift trust.
• D) The trust is invalid because securities cannot be transferred to a trust.

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Definitions:

Basal Nucleus

A group of neurons located deep within the cerebral hemisphere, involved in the regulation of voluntary motor movements and procedural learning.

Cerebrum

The largest part of the brain, responsible for voluntary activities, sensory perception, thought, reasoning, and memory.

Caudate Nucleus

A structure within the brain involved in various processes such as voluntary movement coordination and learning.

Lateral Fissure

A deep groove on the surface of the brain separating the temporal lobe from the frontal and parietal lobes.