Trusts: Termination and Modification
Description: This quiz is designed to assess your understanding of the legal principles and procedures related to the termination and modification of trusts. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: trusts termination modification revocation amendment |
Which of the following is NOT a method for terminating a trust?
In general, who has the power to revoke a trust?
What is the effect of revoking a trust?
When does a trust typically terminate by expiration of the trust term?
What is the effect of a trust terminating by expiration of the trust term?
What is the effect of a trust terminating by occurrence of a specified event?
What is the difference between a trust modification and a trust amendment?
Who typically has the power to modify a trust?
What is the effect of modifying a trust?
Who typically has the power to amend a trust?
What is the effect of amending a trust?
Can a trust be terminated before the expiration of the trust term?
What is the doctrine of cy pres?
What is the rule against perpetuities?
What is the purpose of the rule against perpetuities?