Question
Serena decides to create a trust for the benefit of her children. She deeds her property to the trust but retains the power to amend,
Serena decides to create a trust for the benefit of her children. She deeds her property to the trust but retains the power to amend, alter, or revoke the trust. She also serves as the trustee and receives income earned by the property. This is
a.anirrevocableliving trust
b.arevocableliving trust
c.not a trust
d.a constructive trust.
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Commentaries And Cases On The Law Of Business Organization
Authors: William T. Allen, Reinier Kraakman, Vikramaditya S. Khanna
6th Edition
1543815731, 978-1543815733
