3. Evan creates a trust for the benefit of his two children, Ann and Bill. The...

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3. Evan creates a trust for the benefit of his two children, Ann and Bill. The trust provides that the trustee has discretion to distribute the income to either Ann or Bill, or both. Evan names his office manager, Fran, as the trustee. Is Fran a related or subordinate party? Is Fran an adverse party? What if instead of Fran, Evan named his attorney, Nancy, as the trustee. Is Nancy related or sub- ordinate? Is she adverse? 3. Evan creates a trust for the benefit of his two children, Ann and Bill. The trust provides that the trustee has discretion to distribute the income to either Ann or Bill, or both. Evan names his office manager, Fran, as the trustee. Is Fran a related or subordinate party? Is Fran an adverse party? What if instead of Fran, Evan named his attorney, Nancy, as the trustee. Is Nancy related or sub- ordinate? Is she adverse?

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Fran and Nancy as Trustee Related Party Subordinate Party and Adverse Party Fran Office Manager Rela... View the full answer