The Person Who Creates a Testamentary Trust May Not Serve

question 14

True/False

The person who creates a testamentary trust may not serve as the trustee of the trust.​

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Definitions:

Fraudulent Misrepresentation

A false statement of fact made with knowledge of its falsity, intended to induce another to act, resulting in harm.

Punitive Damages

Damages exceeding simple compensation and awarded to punish the defendant for egregious behavior or acts.

Tort Of Deceit

A civil wrong involving intentional misrepresentation, leading another to suffer damages.