MN Bar Practice Questions - Minnesota Bar Examination Exam

Access More Questions

A settlor creates a revocable inter vivos trust and names herself as the initial trustee and lifetime beneficiary, with remainder to her children. May the settlor amend or revoke the trust during her lifetime?

No, because all trusts are irrevocable once created No, because naming a remainder beneficiary makes it irrevocable Yes, because a revocable trust may be amended or revoked by the settlor during her lifetime Only with court approval

Correct Answer:

Yes, because a revocable trust may be amended or revoked by the settlor during her lifetime

Access more questions from this quiz

Continue to MN Bar Practice Questions - Minnesota Bar Examination Exam for more practice questions and the full quiz experience.

Access More Questions