Question

Dart created an irrevocable trust naming Larson as trustee. The trust provided that the trust income would be paid to Frost for 15 years, with the principal then reverting to Dart. Larson died after 10 years, Frost died after 20 years, and Dart died after 22 years. When does the trust terminate?a. After 10 years.b. After 15 years.c. After 20 years.d. After 22 years.e. Indefinitely.

Answer 1

Answer:

b.

Explanation:

Given that: Dart created an irrevocable trust naming Larson as trustee. The trust provided that the trust income would be paid to Frost for 15 years, with the principal then reverting to Dart. Larson died after 10 years, Frost died after 20 years, and Dart died after 22 years.

From the given information we can say that the trust will terminate in b. After 15 years