Business, 09.10.2019 06:00 thibeauxkristy

Cord’s will created a trust to take effect on cord’s death. the will named cord’s spouse as both the trustee and personal representative (executor) of the estate. the will provided that all of cord’s securities were to be transferred to the trust and named cord’s child as the beneficiary of the trust. under the circumstances:

a. cord has created an inter vivos trust.
b. cord has created a testamentary trust.
c. the trust is invalid because it will not become effective until cord’s death.
d. cord’s spouse may not serve as both the trustee and personal representative because of the inherent conflict of interest.

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Cord’s will created a trust to take effect on cord’s death. the will named cord’s spouse as both the...