The characteristics of a spendthrift trust include which of the following?
a. Spendthrift provisions are not valid in most states.
b. Trust creditors can never seize income from a spendthrift trust.
c. A settlor may provide, in a spendthrift trust, that the beneficiary cannot, by assignment or otherwise, impair her rights to receive principal or income.
d. All of these.
c
You might also like to view...
Under IFRS rules, if a firm uses the direct method, a reconciliation of net income to cash flows from operating activities is not required.
Answer the following statement true (T) or false (F)
Credibility is increased when key informants and other practicing qualitative researchers are asked to review the analyses.
Answer the following statement true (T) or false (F)
Which of the following is not an element needed to show negligence:
a. the wrongdoer owed a duty of care to the injured party b. a duty of care owed to the injured party was breached by an act of the wrongdoer c. the wrongdoer intended to invade a protected interest of the injured party d. there is a causal connection between the injured party's harm and the wrongdoer's conduct e. all of the other choices are necessary elements
Jill recently inherited money from her old aunt Maude. Jill decided to buy beach-front property in Beaufort, South Carolina. Jill's new property consists of 3 acres of land, with direct access to the ocean. When she bought the land there is no home on it, but she wants to build a beach home in the future. A year after she bought the lovely lot, the city of Beaufort rezones the land, prohibiting
any building so that other residents can enjoy the view. Suppose that Grady never asked Jill for her permission to fish on her land. He fishes there whenever he wants. It is possible that if Jill doesn't tell him to "get lost," after many years: a. Grady may adversely possess or have an easement in a right to fish b. Grady may be granted the land as a defeasible fee c. Grady may be granted a covenant in the land d. Grady will never get any interests in Jill's property e. none of these