Which of the Following Is a False Statement Regarding Trusts

question 1

Multiple Choice

Which of the following is a false statement regarding trusts?

• A)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.
• B)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.
• C)A trust document may state that the trust will terminate when an event happens,such as when the remainderman reaches a certain age.
• D)Settlors may create trusts to prevent individuals from getting access to certain assets.
• E)A settlor may revoke a trust at any time.

---

Definitions:

Solo Negotiator

An individual representing one's own interests or those of an organization in a negotiation, without team support.

Positive Benefits

favorable or advantageous outcomes resulting from a specific course of action.

Complexity

The state or quality of being intricate or complicated.

Procedurally Complex

Involving or characterized by intricate and detailed processes that require careful navigation and understanding.