Dennis recently died leaving all of his assets in trust for his wife, Sandy. Dennis was concerned that Sandy would not be able to manage his money adequately to maintain his standard of living. Therefore, Dennis placed the assets in a spendthrift trust and gave Sandy the right to receive a certain amount of income each year. Dennis appointed his good friend Richard as administrator of the trust. 

How is Richard's property classified?

Answer rating: 100% (QA)

Richards property in this scenario is classified as the property of the trust not his person... View the full answer