Multiple Choice
Mr.Rolleck writes a will placing his estate in a trust upon his death.He names a local bank as trustee to administer the trust and invest its assets.The trust provides that when his grandson reaches the age of 23, the trust will terminate and he will be given legal title to the assets.Mr.Rolleck dies when the grandson is 12 years old.At the age of 23, the grandson inherits the title to the assets.What kind of trust did Mr.Rolleck create in this scenario?
A) an inter vivos trust
B) a testamentary trust
C) a constructive trust
D) a resulting trust
Correct Answer:

Verified
Correct Answer:
Verified
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