At common law, all trusts are _________ unless the power to revoke is in the document.

Study for the Cannon Trust School Level I Exam. Utilize multiple choice questions, complete with hints and explanations. Prepare effectively for your certification!

Multiple Choice

At common law, all trusts are _________ unless the power to revoke is in the document.

Explanation:
At common law, the default is that a trust is irrevocable unless the document grants a power to revoke. The sentence mirrors that rule: if the instrument includes a revocation power, the trust can be revoked; without such a power, it remains irrevocable. So the word that fits the blank is irrevocable. The idea behind this is control—a revocation clause gives the settlor a way to reclaim the property, while lacking one means the settlor cannot undo the transfer. Revocable would only apply if there’s a revocation power, while terms like personal or trusteed don’t address whether the trust can be ended or altered.

At common law, the default is that a trust is irrevocable unless the document grants a power to revoke. The sentence mirrors that rule: if the instrument includes a revocation power, the trust can be revoked; without such a power, it remains irrevocable. So the word that fits the blank is irrevocable. The idea behind this is control—a revocation clause gives the settlor a way to reclaim the property, while lacking one means the settlor cannot undo the transfer. Revocable would only apply if there’s a revocation power, while terms like personal or trusteed don’t address whether the trust can be ended or altered.

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