Totten trusts are subject to the claims of creditors of the person who opened the trust.

Minors can serve as a trustee and upon reaching the age of majority ratify acts done during minority.

Which of the following trusts are only made spouses?

All states require that a person be at least 18 to be able to make a will.

The English Wills Act required two witnesses to a will and the witnesses had to be present at the same time.

Jerry had the following provision in his will: I, Jerry Smith, give to Larry Smith if he survives me the sum of $10,000 to be paid from my Bank of America bank account number 1234353535. This is an example of which of the following?

EXTRA CREDIT (UP TO 3 POINTS) Please discuss Uniform Anatomical Gifts Act.

Trustees and beneficiaries have a fiduciary relationship.

Revocable living trusts are not enforceable.

Tom leaves Blackacre to his brother in his will. His brotherpredeceased Tom. Tom is in a state with an antilapse statute. This means that this devise of Blackacre will not lapse and will pass through the residuary clause of the will.