Methods of Trust Creation Self-Quiz

 

 

 

 

 

 

Summer decides to create a trust, for the benefit of her niece, Samantha. She writes, “I hereby declare myself trustee of my Palm Springs, CA home for Samantha.” A valid trust is created.
True
False
Brock is planning to establish a trust, for the benefit of his nephew, Carson. He executed and delivered a power of attorney to his lawyer, Thierry (the proposed trustee), by which title to the trust res could be transferred by his agent, Thierry. A valid trust is created.
True
False
Michael promises Maggie in writing that if she marries him he will convey a home in Tampa, FL in trust for Maggie’s mother. Michael marries Maggie. A valid trust is created.
True
False

© 2003 - 2018 National Paralegal College