In 2015, Boyd created a trust that would become effective on his death. In the trust...

Transcribed Image Text:

In 2015, Boyd created a trust that would become effective on his death. In the trust instrument, Boyd specified that all of the income from his stocks and bonds be used for the benefit of St. John's Hospital and indicated that his brother Chad should administer the trust. a. b. C. What kind of trust is this? What is the corpus of the trust? What is Chad with relationship to the trust? In 2015, Boyd created a trust that would become effective on his death. In the trust instrument, Boyd specified that all of the income from his stocks and bonds be used for the benefit of St. John's Hospital and indicated that his brother Chad should administer the trust. a. b. C. What kind of trust is this? What is the corpus of the trust? What is Chad with relationship to the trust?

Answer rating: 100% (QA)

a This is a testamentary trust as it was created to become effective upon Boyds ... View the full answer