Question: 2 8 . Tyrone set up an inter vivos trust for his niece, Javinda, and his nephew, Nelish. The trust indenture specifically stated that Javinda

28. Tyrone set up an inter vivos trust for his niece, Javinda, and his nephew, Nelish. The trust indenture specifically stated that Javinda was to receive a lump sum on the day that she married. The trustee was to determine how much money was needed depending on Javinda's financial needs at the time. The trust also stated that Nelish was to receive a lump sum on the day that he was divorced from the wife of whom Tyrone did not approve. The trustee was to determine how much money Nelish needed at the time of his divorce. Which of the following types of trust did Tyrone establish?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!