With a revocable living trust, the trustor usually acts as trustee during his or her lifetime and is also the beneficiary of the trust during his or her lifetime

a. True
b. False


a

Legal Studies & Paralegal

You might also like to view...

Court decisions and ethical opinions of state bar associations have held that __________ who are adequately supervised by attorneys are not engaging in the unauthorized practice of law

a. Freelance paralegals b. Independent paralegals c. Legal technicians d. Legal assistants

Legal Studies & Paralegal

An incidence of food poisoning might lead to a _____.?

A. ?contract B. ?civil rights C. ?corporation D. ?products liability

Legal Studies & Paralegal

With regard to fee simple ownership, a condition where there are no adverse or hostile claims to ownership of the property and no interference from others:

A. Unities of ownership B. Seisin C. The bundle of rights D. Quiet enjoyment

Legal Studies & Paralegal

An owner’s title insurance policy is not transferable to a purchaser of the property. 

Answer the following statement true (T) or false (F)

Legal Studies & Paralegal