Trusts and the Statute of Wills—Creation of Testamentary TrustsSelf-Quiz

 

 

 

 

 

 

 

 

 

 

Judith bequeaths “to Claudia in trust upon such terms as I have or may communicate to her during my lifetime.” This is an example of
Choice 1 a semi-secret trust.
Choice 2 a secret trust.
Choice 3 none of the above.
Judith’s will bequeaths all her assets to Maxwell, her attorney. Her daughter Claudia protests this action, asserting that Maxwell was only holding the assets in trust for her.
This is an example of
Choice 1 a semi-secret trust.
Choice 2 a secret trust.
Choice 3 none of the above.

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