A Trust That a Grantor Executes Orally in Contemplation of Immediate

question 62

True/False

A trust that a grantor executes orally in contemplation of immediate death is a testamentary trust.

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Definitions:

Freedom of Religion

The right to practice any religion of one's choice or to live without adhering to any, free from governmental imposition or restriction.

Seventeenth-Century Chesapeake

Referring to the Chesapeake Bay area in the 1600s, noted for its early settlement, tobacco cultivation, and indentured servant labor system.

Family Planning

A strategy for couples and individuals to decide when and how many children to have, often involving methods of birth control and fertility treatments.

Indentured Servant

A worker bound by a contract to serve an employer for a specific period of time, typically in exchange for the cost of passage to a new country.