Which of the Following Is One of the Requirements for Forming

question 41

Multiple Choice

Which of the following is one of the requirements for forming an express trust?

• A) The settlor need not necessarily attain the age required by state law for the creation of valid wills and contracts.
• B) The trust cannot be created for a reason that is contrary to public policy.
• C) The settlor must name a trustee for the trust and a substitute trustee in the event the named trustee refuses to act.
• D) The beneficiaries cannot be members of a specific class, such as "my children."

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