Lesson 11

Question 1

Revocability of Trusts Rule (Majority View)

Answer 1

The settlor of an inter vivos trust has no implied power of

revocation or modification under the general American common law.

Question 2

Revocability of Trusts Rule (Minority/California View)

Answer 2

A gratuitous trust is revocable unless it is ‘expressly made irrevocable by the trust instrument