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Posted on May 03, 2024

Sidney Benchman transfers (assigns) the royalties to his book to which he holds the copyright, to his business adviser, Martin Lorenz, to hold and invest

Sidney Benchman transfers (assigns) the royalties to his book to which he holds the copyright, to his business adviser, Martin Lorenz, to hold and invest for the benefit of Martitia Hughes.

a. Does the settlor intend to create a trust?

b. Is there a trustee to administer the trust?

c. Is trust property included in the instrument?

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