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November 12, 2022

Suzy Q decides she wants to create an trust for all of her real property

Suzy Q decides she wants to create an trust for all of her real property. She says to all of her family that as of “October 31, 2020, she is creating a trust of all her real property. She is going to be both the settlor and trustee, and her only child is to be the beneficiary.” Is this a valid trust?

. Suzy Q wants to create an trust for the benefit of her child, who is known to not be very good with money. What types of trusts should Suzy Q consider making and why?

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