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:

Deficits

The shortfall or deficiency in a particular area such as budget, skill, or knowledge.

Infant Memory

The capacity of infants to retain information and form memories, which is essential for developmental milestones such as recognizing caregivers and learning language.

Womb Experiences

The conditions and stimuli an individual is exposed to while in the mother's uterus, which can influence development and health.

Dramatic Improvements

Significant positive changes or advancements in a situation or condition, often exceeding expectations.