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G creates a trust naming ABC Bank as trustee. The trust provides that B, Gs daughter, will receive all trust income for life, with remainder
G creates a trust naming ABC Bank as trustee. The trust provides that B, Gs daughter, will receive all trust income for life, with remainder to Bs issue. To what extent does G own the trust under the circumstances below?
- Trustee may revest title to any and all trust assets in G.
- Same as a., except that the trustee may only revest trust assets in G with Bs consent.
- G may modify the trust for any reason other than for Gs own benefit.
- G may revoke the trust, but the power to revoke may not be exercised for the forty year period beginning on the date the trust is executed
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