AAFM Exam CTEP Topic 2 Question 22 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 22
Topic #: 2

[All CTEP Questions]

A trust created under the Married Woman Property Act, is an example of ________________.

AExpress Trust

BDynasty Trust

CConstructive Trust

DImplied Trust

Show Suggested Answer

Suggested Answer: C

by Kristel at Apr 19, 2023, 01:06 PM

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Mozell

1 months ago

This is a tricky one, but I'm going to go with the legal classic, A) Express Trust. After all, you can't go wrong with the express route, right?

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Zona

9 days ago

I agree, an express trust is created intentionally by the settlor.

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Avery

19 days ago

I think you're right, A) Express Trust is the correct answer.

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Fausto

1 months ago

C) Constructive Trust? Nah, that's too much work. I'm going with D) Implied Trust - it's the lazy man's approach to trusts!

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Golda

9 days ago

I prefer A) Express Trust for more clarity and control.

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Herman

29 days ago

I think C) Constructive Trust can be beneficial in certain situations.

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Haydee

1 months ago

I agree, D) Implied Trust is definitely the easier option.

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Ma

2 months ago

A) Express Trust seems like the obvious choice here. I mean, it's right there in the name of the Act, isn't it?

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Alyce

7 days ago

I agree, it's pretty clear that it would be an express trust in this case.

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Bronwyn

8 days ago

Yes, you're right. The Married Woman Property Act specifically allows for express trusts.

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Ciara

9 days ago

D) Implied Trust

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Ryan

13 days ago

C) Constructive Trust

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Rolf

14 days ago

B) Dynasty Trust

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Emerson

18 days ago

A) Express Trust

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King

2 months ago

I'm not sure, but I think it could also be a Constructive Trust since it's for the benefit of the married woman.

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Misty

2 months ago

Hmm, a trust created under the Married Woman Property Act? Sounds like a real domestic affair! I'll go with B) Dynasty Trust - that's got a nice ring to it.

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Timothy

1 months ago

I guess we'll have to look it up to be sure, but it's interesting to discuss the different options.

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Rosann

2 months ago

I see your point, but I still think B) Dynasty Trust fits the bill here.

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Oren

2 months ago

Oh really? I thought it might be C) Constructive Trust, since it's related to property rights.

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Justine

2 months ago

I think it's actually A) Express Trust, it's specifically created under that act.

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Rashad

3 months ago

I agree with Avery, because it's specifically created under the Married Woman Property Act.

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Avery

3 months ago

I think it's an Express Trust.

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