Which of the following is one of the requirements for forming an express trust?
A) The settlor need not necessarily attain the age required by state law for the creation of valid wills and contracts.
B) The trust cannot be created for a reason that is contrary to public policy.
C) The settlor must name a trustee for the trust and a substitute trustee in the event the named trustee refuses to act.
D) The beneficiaries cannot be members of a specific class, such as "my children."

Question

Quizplus · Accepted Answer

There are five basic requirements for the creation of a valid express trust. One of the requirements for forming an express trust is that the trust must be created for a proper purpose. It cannot be created for a reason that is contrary to public policy, such as the commission of a crime.

Which of the Following Is One of the Requirements for Forming