Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Settlor establishes a revocable trust for the benefit of his two children. He funds it with his life savings of $10,000, and names Friend as

Settlor establishes a revocable trust for the benefit of his two children. He funds it with his life savings of $10,000, and names Friend as trustee. Testator, Settlor's wealthy uncle, hears of the trust established by Settlor and executes a will leaving all of his estate to the revocable trust established by Settlor. Testator then informs Settlor of the existence of the will. Knowing that Testator's estate is sizeable, Settlor amends the trust to give new instructions to Friend as to how he is to administer the trust in light of the upcoming additional gift from Testator's will. Which of the following principles can be used to validate Testator's will? Question 6 options: a) Incorporation by reference. b) Acts of independent significance. c) The Uniform Testamentary Additions to Trusts Act. d) Any one of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Health Care Management

Authors: Sharon B. Buchbinder, Nancy H. Shanks

3rd Edition

9781284081015

Students also viewed these Law questions