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Question
Krieg's will created a trust to take effect upon Krieg's death. The will named Krieg's spouse as both the trustee and personal representative (executor) of the estate. The will provided that all of Krieg's securities were to be transferred to the trust and named Krieg's child as the beneficiary of the trust. Which of the following is true under the circumstances?
A. Krieg has created a testamentary trust.
B. Krieg's spouse may not serve as both the trustee and personal representative.
C. Krieg has created a spendthrift trust.
D. The trust is invalid because securities cannot be transferred to a trust.
Answer
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