A Settlor Is Not Allowed to Revoke a Trust Unless

question 33

True/False

A settlor is not allowed to revoke a trust unless he or she reserves a right to revoke the trust.

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Definitions:

Authority Structure

The organization of authority and power within a group, institution, or society, which outlines the hierarchy and roles of its members.

Hierarchical

characterizes systems or organizations structured in levels of rank or authority, where higher levels have control over the lower ones.

Approach-Inhibition Model

A psychological theory suggesting that power increases an individual's tendency to approach positive stimuli and outcomes, while reducing their perception of risks.

Teachers

Educators or instructors who facilitate learning for students, typically in a school, college, or university setting.