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For each question indicate whether a trust was created. (explain) At a time when her father is alive but terminally ill, Rachel writes and signs
For each question indicate whether a trust was created. (explain)
- At a time when her father is alive but terminally ill, Rachel writes and signs a document that says "I hereby transfer all my rights and interests in the estate of my father to Terry as trustee for Liam for life, remainder to Liam's issue." She gives the document to Terry.
- The same facts as in (1) except that Rachel's father died shortly before she signed the document and gave it to Terry.
- Rachel writes and signs a document that says "I hold the property listed on the attached Schedule A as trustee, in trust for my son Liam for life, remainder to Liam's issue." On Schedule A she writes, "the furnishings of my house, my bank account in Central Bank, my house." She does not have the document witnessed, and she puts the document in her safe deposit box. What should the court do with the property?
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