CERTAIN PROBLEMS CONFRONTING CREDITORS WHEN A REVOCABLE TRUST ACCOMPLISHES TESTAMENTARY SUCCESSION

Authors

Ray Leslie Alexander, Member of the Cleveland Bar

Abstract

Under the overwhelming weight of authority the reservation by the settlor of the income from trust property, or of other benefits, during his lifetime, and of the power to revoke the trust and so recover all or any part of the principal does not invalidate the trust; nor does the trust fail because the trust instrument is not executed in accordance with the Statute of Wills. Upon the death of the settlor the corpus of such a trust is distributable by the trustee in accordance with the terms of the trust instrument and does not pass to the executor or administrator of the settlor.

Recommended Citation

Ray L. Alexander, CERTAIN PROBLEMS CONFRONTING CREDITORS WHEN A REVOCABLE TRUST ACCOMPLISHES TESTAMENTARY SUCCESSION, 31 Mich. L. Rev. 449 (1933).
Available at: https://repository.law.umich.edu/mlr/vol31/iss4/2