If Landon, Who Is 80 Years Old, Writes a Trust

question 17

Multiple Choice

If Landon, who is 80 years old, writes a trust that states that his property is to go to "my great-great-great grandchild upon my death," and at the time of creating the trust his only child is one year old:

• A) the trust is valid, but the property must wait until the great-great-great grandchild is born to be transferred.
• B) the trust is invalid due to the rule against eventualities.
• C) the trust is valid due to the rule of progression.
• D) the trust is invalid due to the rule against perpetuities.
• E) the trust is valid, but the property must wait until Landon's child dies to be transferred.

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Definitions:

Trace Record

Documentation or data capturing the sequence and details of specific actions or events.

Court Transcripts

are the official verbatim record of legal proceedings and testimonies in court, as recorded by a court reporter or similar official.

Archival Strategies

Approaches used for collecting, organizing, preserving, and accessing historical documents and records for research purposes.

Actuarial Records

Data records used by actuaries to calculate insurance risks and premiums, including statistics on mortality, sickness, and disability.