Thomas Wants to Create an Inter Vivos Trust for the Benefit

question 28

Multiple Choice

Thomas wants to create an inter vivos trust for the benefit of his adult children.In order 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:

Median

A measure of central tendency in statistics that represents the middle value in a sorted list of numbers.

Standard Deviation

A numerical indicator that calculates the degree of spread or variability among a series of data points.

Mean

A statistical measure defined as the sum of all values in a data set divided by the number of values, representing the average.

Median

The middle value in a sorted list of numbers, effectively dividing the dataset into two equal halves.