Kate wants Bev and Nina, her daughters, to get the benefit of her farm when she dies.

Question:

Kate wants Bev and Nina, her daughters, to get the benefit of her farm when she dies. She does not believe that her daughters can manage the farm effectively, because they live in other states. She can provide for them to get the farm’s income, under another party’s management, by setting up

a. a constructive trust.

b. a resulting trust.

c. a testamentary trust.

d. none of the above.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

Question Posted: