Which is true regarding a trustor Trustor transfers property to the trust Trustor always has the...

Which is true regarding a trustor

Trustor transfers property to the trust

Trustor always has the right to modify the trust document

Living trust the trustor retains the right to withdraw all assets

Trustor may not modify the treatment of cash receipt

Solutions

Expert Solution

Answer: "Trustor may not modify the treatment of cash receipt" is the correct option.

Trustor- is a person who creates the trust and who transfers the property to the trust. He is also called Trust maker, creator, donor etc. Trustor appoints trustee for managing the trust.

He has all the above rights except modifying the cash receipts. He is not authorized to do so.

ekkarill92 answered 1 year ago

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